Volatility Is Your Friend: BJ’s Wholesale Club Holdings Inc. (BJ) Is Hot Again


BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) does about 1.55M shares in volume on a normal day but saw 942830 shares change hands in Friday trading. The company now has a market cap of 10.03B USD. Its current market price is $75.01, marking a decrease of -0.50% compared to the previous close of $75.39. The 52 week high reached by this stock is $80.41 whilst the lowest price level in 52 weeks is $51.45. The script in recent trading has seen the stock touch a high of $75.53 and a low of $74.36.

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BJ’s Wholesale Club Holdings Inc. (BJ) has a 20-day trading average at $72.75 and the current price is -6.72% off the 52-week high compared with 45.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $69.97 and its 200-day simple moving average is $69.51. If we look at the stock’s price movements over the week, volatility stands at 1.63%, which increases to 2.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.95 to suggest the stock is neutral.

23 analysts observing the BJ’s Wholesale Club Holdings Inc. (BJ) stock have set the 12-month price targets for the company’s shares at between $65.00 and $90.00. The consensus objective for the share price is $79.84, suggesting that the stock has a potential upside of 6.05% over the period. The median price target is 6.24% away from the current levels at $80.00.

FactSet Research has provided data showing that 23 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 12 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 08, 2023 when Barclays initiated the stock to “Equal Weight” and issued a price target of $72. Credit Suisse downgraded its price target at $80-$75.

The current price level is 3.62%, 7.36%, and 7.99% away from its SMA20, SMA50, and SMA200 respectively, with the BJ price moving above the 50-day SMA on February 17. BJ’s Wholesale Club Holdings Inc. (BJ) stock is up 0.16% over the week and 10.90% over the past month. Its price is 13.38% year-to-date and 16.20% over the past year.

The stock last released its quarterly earnings report for quarter ended 10/30/2022, with the company’s earnings per share (EPS) of $0.99 above consensus estimates by $0.18. BJ’s earnings per share are forecast to grow by 16.00% this year and 1.90% over next year. Expected sales for next quarter are $4.71 billion, which analysts say will come at $19.22 billion for the current fiscal year and next year at $20.55 billion. In addition, estimates put the company’s current quarterly revenue at an average of $4.81 billion.

Its 12-month price target is $80.00. To reach the target analysts have set, the stock logically needs to grow 6.05 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $65.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $90.00.

Outstanding shares total 134.09M with insiders holding 1.15% of the shares and institutional holders owning 97.63% of the company’s common stock. The company has a return on investment of 34.40% and return on equity of 62.00%. The price to earnings ratio (P/E ratio) amounts to 20.84 while the forward price to earnings ratio is 19.55. The beta has a value of 0.47. Price to book ratio is 10.67 and price to sales ratio is 0.54.

According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Mid Cap ETF has reduced its position in BJ’s Wholesale Club Holdings Inc. (BJ) to 4,198,238 shares, mirroring a recent drop by -0.19%. iShares Core S&P Mid Cap ETF dumped 7950.0 shares of BJ’s Wholesale Club Holdings Inc. common stock bringing its total worth to about $304.25 million at the end of recent close, SEC documents show. iShares Core S&P Mid Cap ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 26537.0 shares to end up with 4,121,178 shares worth $298.66 million. Vanguard Small Cap Index Fund raise their holdings by 0.55% in the company over the course of the most recent quarter. It now holds a 2.59% position in BJ’s Wholesale Club Holdings Inc. thanks to 3.48 million shares amounting to $252.4 million.


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