BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $123.00 at DA Davidson

BJ’s Wholesale Club (NYSE:BJ) had its target price decreased by DA Davidson from $140.00 to $123.00 in a research note published on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts have also issued reports on BJ. Robert W. Baird boosted their target price on BJ’s Wholesale Club from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Gordon Haskett downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Friday, August 15th. JPMorgan Chase & Co. increased their target price on BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Evercore ISI lifted their target price on BJ’s Wholesale Club from $115.00 to $117.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. Finally, UBS Group reissued a “buy” rating and set a $135.00 price target on shares of BJ’s Wholesale Club in a research report on Wednesday, August 13th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.18.

BJ’s Wholesale Club Trading Down 1.8%

Shares of BJ stock opened at $95.36 on Monday. BJ’s Wholesale Club has a 1-year low of $76.33 and a 1-year high of $121.10. The firm has a market cap of $12.59 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.69 and a beta of 0.43. The company has a 50-day moving average of $106.90 and a two-hundred day moving average of $110.00. 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 released its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was up 3.2% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in BJ’s Wholesale Club during the second quarter worth approximately $26,000. REAP Financial Group LLC boosted its holdings 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 valued at $27,000 after buying an additional 151 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new stake in BJ’s Wholesale Club during the 2nd quarter worth $35,000. Finally, HM Payson & Co. purchased a new stake in BJ’s Wholesale Club in the first quarter valued at $41,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.