BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $115.00 by Analysts at Citigroup

BJ’s Wholesale Club (NYSE:BJ) had its target price decreased by Citigroup from $120.00 to $115.00 in a report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other brokerages have also commented on BJ. Wall Street Zen lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Morgan Stanley dropped their target price on shares of BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price target (up previously from $125.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. DA Davidson lowered their price objective on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday. Finally, UBS Group dropped their price objective on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $113.18.

BJ’s Wholesale Club Trading Down 1.8%

BJ’s Wholesale Club stock opened at $95.36 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ’s Wholesale Club has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The stock has a market cap of $12.59 billion, a P/E ratio of 21.87, a PEG ratio of 2.69 and a beta of 0.43. The firm’s fifty day moving average price is $106.90 and its 200-day moving average price is $110.00.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.49 billion. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities research analysts forecast that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares of the company’s stock, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,061 shares of company stock worth $15,027,745 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several large investors have recently modified their holdings of BJ. Oliver Lagore Vanvalin Investment Group purchased a new position in BJ’s Wholesale Club during the 2nd quarter valued at about $26,000. REAP Financial Group LLC grew its position in shares of BJ’s Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of BJ’s Wholesale Club during the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new position in shares of BJ’s Wholesale Club during the second quarter valued at approximately $35,000. Finally, HM Payson & Co. purchased a new stake in BJ’s Wholesale Club in the first quarter worth $41,000. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.