BJ’s Wholesale Club Holdings Inc. [BJ] moved up 7.17: Why It’s Important

BJ’s Wholesale Club Holdings Inc. [NYSE: BJ] gained 7.17% or 4.96 points to close at $74.09 with a heavy trading volume of 9062537 shares. The company report on August 18, 2022 that BJ’s Wholesale Club Holdings, Inc. Announces Second Quarter Fiscal 2022 Results.

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Company reports record results and raises fiscal year 2022 guidance.

It opened the trading session at $75.86, the shares rose to $77.47 and dropped to $72.6001, the range by which the price of stock traded the whole day. The daily chart for BJ points out that the company has recorded 14.78% gains over the past six months. However, it is still -44.0% lower than its most recent low trading price.

If we look at the average trading volume of 2.18M shares, BJ reached to a volume of 9062537 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about BJ’s Wholesale Club Holdings Inc. [BJ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BJ shares is $73.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BJ stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for BJ’s Wholesale Club Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 18, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $69 to $74. The new note on the price target was released on February 04, 2022, representing the official price target for BJ’s Wholesale Club Holdings Inc. stock. Previously, the target price had yet another drop from $78 to $60, while JP Morgan kept a Underweight rating on BJ stock.

The Average True Range (ATR) for BJ’s Wholesale Club Holdings Inc. is set at 2.37, with the Price to Sales ratio for BJ stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 13.80, with the Price to Cash per share for the same quarter was set at 0.28. Price to Free Cash Flow for BJ in the course of the last twelve months was 35.47 with Quick ratio for the last quarter at 0.10.

Trading performance analysis for BJ stock

BJ’s Wholesale Club Holdings Inc. [BJ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.51. With this latest performance, BJ shares gained by 6.19% in over the last four-week period, additionally plugging by 14.78% over the last 6 months – not to mention a rise of 42.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BJ stock in for the last two-week period is set at 70.49, with the RSI for the last a single of trading hit 75.30, and the three-weeks RSI is set at 66.63 for BJ’s Wholesale Club Holdings Inc. [BJ]. The present Moving Average for the last 50 days of trading for this stock 66.37, while it was recorded at 69.97 for the last single week of trading, and 64.31 for the last 200 days.

BJ’s Wholesale Club Holdings Inc. [BJ]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and BJ’s Wholesale Club Holdings Inc. [BJ] shares currently have an operating margin of +3.81 and a Gross Margin at +18.41. BJ’s Wholesale Club Holdings Inc.’s Net Margin is presently recorded at +2.56.

Return on Equity for this stock inclined to 88.23, with Return on Assets sitting at 7.70.

BJ’s Wholesale Club Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.80.

BJ’s Wholesale Club Holdings Inc. [BJ]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BJ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BJ’s Wholesale Club Holdings Inc. go to 6.50%.

An analysis of insider ownership at BJ’s Wholesale Club Holdings Inc. [BJ]

There are presently around $9,895 million, in the hands of institutional investors. The top three institutional holders of BJ stocks are: VANGUARD GROUP INC with ownership of 13,489,139, which is approximately -3.336% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 11,687,176 shares of the stock with an approximate value of $865.9 million in BJ stocks shares; and FMR LLC, currently with $831.9 million in BJ stock with ownership of nearly -29.493% of the company’s market capitalization.

Positions in BJ’s Wholesale Club Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 239 institutional holders increased their position in BJ’s Wholesale Club Holdings Inc. [NYSE:BJ] by around 17,549,831 shares. Additionally, 191 investors decreased positions by around 21,176,044 shares, while 40 investors held positions by with 94,833,874 shares. The mentioned changes placed institutional holdings at 133,559,749 shares, according to the latest SEC report filing. BJ stock had 90 new institutional investments in for a total of 4,422,599 shares, while 34 institutional investors sold positions of 940,146 shares during the same period.


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