The IBD SmartSelect Composite Rating for BJs Wholesale rose from 94 to 96 Wednesday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
BJs Whlsl hldgs is trading about 3% above a 71.10 entry from a double bottom. It has fallen from recent highs, although the RS line is nearing new highs. Note that it's a later-stage base, which makes it a riskier entry point. See if can flatten out a little and then offer a new entry point.
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The stock sports a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted 29% earnings-per-share growth for Q2. It has now posted accelerating EPS gains for three consecutive quarters. Sales growth increased 22%, up from 16% in the prior report. That marks two quarters of rising growth.
BJs Wholesale earns the No. 1 rank among its peers in the Retail-Discount & Variety industry group. Dollar General and Dollar Tree are also among the group's highest-rated stocks.
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