BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $110.00 at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price objective decreased by Evercore ISI from $117.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research firms have also weighed in on BJ. Morgan Stanley dropped their price objective on shares of BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday. Loop Capital restated a “hold” rating and set a $120.00 price target (up from $110.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Wall Street Zen cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Roth Capital reissued a “neutral” rating and issued a $106.00 price objective (up previously from $101.00) on shares of BJ’s Wholesale Club in a research note on Wednesday, May 28th. Finally, Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.18.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $95.36 on Monday. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.69 and a beta of 0.43. The business’s fifty day moving average price is $106.90 and its two-hundred day moving average price is $110.00. BJ’s Wholesale Club has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17.

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

Insider Activity

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

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in BJ’s Wholesale Club by 2.2% during the second quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock worth $615,963,000 after buying an additional 121,183 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in BJ’s Wholesale Club by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after acquiring an additional 35,130 shares during the last quarter. Bessemer Group Inc. boosted its stake in BJ’s Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock worth $477,709,000 after acquiring an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in BJ’s Wholesale Club by 12.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,639,011 shares of the company’s stock valued at $392,395,000 after purchasing an additional 410,326 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in BJ’s Wholesale Club by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after purchasing an additional 11,203 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

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.