Should Investors Finally Begin to Pay Attention to BJ's Wholesale Stock?
BJ's Wholesale (NYSE: BJ) often becomes forgotten in the discussion on retail. As a company operating primarily on the East Coast, it does not have the international footprint of Amazon, Walmart, or its larger warehouse club rival, Costco Wholesale. Moreover, its growth rates have lagged these bigger peers.
However, the novel coronavirus pandemic could help to boost profits, at least temporarily. Analysts continue to raise estimates, and the company has invested more in employee retention during this critical time. BJ's also continues to slowly add warehouses and expand westward. Given these signs of hope, investors might wonder if the current company and market conditions offer sufficient justification to buy BJ's stock or if it remains cheap for a reason.
Image source: Getty Images.
Source Fool.com
