Information Provided By:
Fly News Breaks for November 21, 2018
BJ
Nov 21, 2018 | 06:21 EDT
Loop Capital analyst Laura Champine kept her Buy rating and $35 price target on BJ's Wholesale after its Q3 earnings beat and better than expected comps of up 1.9%. The analyst also cites the management's announcement that its "new store opening process is yielding improved early results", forecasting the company to increase its club openings from 2 to 3-5 per year. Champine expects BJ's Wholesale EBITDA to rise 32% with the help of the 10% membership fee increase anticipated in January, adding that the stock is "attractively valued" at 13-times forward earnings and 9-times on enterprise value to expected EBITDA multiple basis.
News For BJ From the Last 2 Days
There are no results for your query BJ