Evercore ISI Analyst Maintains Hold Rating on Bj's Wholesale Club Holdings with $117 Price Target

Evercore ISI analyst Greg Melich maintained a Hold rating on Bj's Wholesale Club Holdings with a price target of $117.00. The analyst consensus is a Moderate Buy with an average price target of $125.20, representing a 16.04% upside. Bj's Wholesale Club Holdings has a one-year high of $121.10 and a one-year low of $76.33. Corporate insider sentiment is negative, with 54 insiders selling shares over the past quarter.

Evercore ISI analyst Greg Melich has maintained a Hold rating on Bj's Wholesale Club Holdings (NYSE:BJ) with a price target of $117.00. This rating comes amidst a consensus of a Moderate Buy, with an average price target of $125.20, indicating a 16.04% upside potential. Bj's Wholesale Club Holdings has shown significant price fluctuations over the past year, reaching a high of $121.10 and a low of $76.33.

Despite the positive consensus, corporate insider sentiment remains negative, with 54 insiders selling shares over the past quarter. This negative sentiment could potentially impact the stock's performance, as insiders often have insights into the company's future prospects.

Evercore ISI's Melich has an average return of 10.5% and a 65.34% success rate on recommended stocks, suggesting a track record of delivering strong performance. Bj's Wholesale Club Holdings has delivered a 37.62% return over the past year, despite market fluctuations. However, the recent sell-off by insiders and the Hold rating from Evercore ISI indicate a cautious approach to the stock.

The company's strong balance sheet and consistent cash flows make it an attractive investment opportunity. Bj's Wholesale Club Holdings operates in the rapidly growing retail sector, which could contribute to its future growth. However, investors should remain cautious and consider the recent headwinds and insider sentiment when evaluating Bj's Wholesale Club Holdings' investment potential.

References:
[1] https://www.ainvest.com/news/evercore-isi-group-raises-tpg-pt-60-maintains-line-rating-2508/