Do Investors Have Much Faith In BJ’s Wholesale Club Holdings Inc (NYSE: BJ)

BJ’s Wholesale Club Holdings Inc (NYSE:BJ) does about 1.70M shares in volume on a normal day but saw 2199414 shares change hands in Monday trading. The company now has a market cap of 11.84B USD. Its current market price is $89.21, marking an increase of 0.87% compared to the previous close of $88.44. The 52 week high reached by this stock is $88.95 whilst the lowest price level in 52 weeks is $60.45.

BJ’s Wholesale Club Holdings Inc (BJ) has a 20-day trading average at $83.83 and the current price is 0.29% off the 52-week high compared with 47.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $79.06 and its 200-day simple moving average is $71.28. If we look at the stock’s price movements over the week, volatility stands at 1.88%, which increases to 2.58% 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 70.10 to suggest the stock is overbought.

The consensus objective for the share price is $86.45, suggesting that the stock has a potential downside of -3.19% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 23, 2024 when Gordon Haskett upgraded the stock to “Buy” and issued a price target of $90. Loop Capital downgraded the stock to “Hold” from Buy on April 18, 2024 at a price target of $85-$80. Goldman upgraded its price target at $81-$87.

BJ’s Wholesale Club Holdings Inc (BJ) stock is up 2.94% over the week and 14.75% over the past month. Its price is 33.83% year-to-date and 42.19% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -3.19 percent from here.

The company has a return on investment of 12.98% and return on equity of 39.01%. The price to earnings ratio (P/E ratio) amounts to 23.17 while the forward price to earnings ratio is 20.47. The beta has a value of 0.24. Price to book ratio is 7.75 and price to sales ratio is 0.59.