Microsoft (MSFT) rises Thursday evening on Q4 earnings beat >>> READ MORE

The 7 Best IPOs to Buy for the Rest of 2017

The highly successful Snapchat IPO is the confirmation we needed: Expect a healthy slate of buy-worthy offerings this year!

       

The Best IPOs to Buy for the Rest of 2017: BJ’s Wholesale Club

The Best IPOs to Buy for the Rest of 2017: BJ’s Wholesale ClubIPO Timetable: Second half of 2017 (estimated)

BJ’s Wholesale Club is a membership warehouse club — a la Costco Wholesale Corporation (NASDAQ:COST) — with a presence in the eastern part of the U.S., sporting 210 locations and more than 25,000 employees.

Leonard Green & Partners and CVC Capital Partners took BJ’s Wholesale Club private in late 2011 via a $2.8 billion deal. As a result, there are no publicly available financials. However, according to estimates from Forbes, BJ’s Wholesale Club’s revenues hit $10.88 billion last year.

Primary locations, which are roughly 114,000 square feet, have a wide assortment of offerings, ranging from groceries and home goods to electronics and cleaning supplies. BJs.com is also a critical part of the company that offers exclusive discounts.

The timing for a BJ’s Wholesale Club IPO is about as good as it will get, considering that Costco has been churning out nice returns for investors, at about 85% over the past five years. By comparison, Target Corporation (NYSE:TGT) is off 4% and Wal-Mart Stores Inc (NYSE:WMT) is up 17%.

The Wall Street Journal reported in February that BJ’s is preparing for an IPO that could come in the second half of 2017.

Next Page


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/the-best-ipos-to-buy-for-the-rest-of-2017/.

©2017 InvestorPlace Media, LLC