BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $115.00 by Analysts at Robert W. Baird

BJ’s Wholesale Club (NYSE:BJ) had its target price decreased by Robert W. Baird from $130.00 to $115.00 in a report published on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts have also issued reports on BJ. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Weiss Ratings cut BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Morgan Stanley cut their target price on BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday. DA Davidson lowered their price target on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Finally, Citigroup decreased their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Ten research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

BJ’s Wholesale Club Price Performance

BJ stock opened at $87.99 on Monday. BJ’s Wholesale Club has a 12-month low of $86.68 and a 12-month high of $121.10. The stock has a 50-day moving average price of $92.57 and a two-hundred day moving average price of $101.94. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The company has a market cap of $11.59 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company posted $1.18 earnings per share. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, research analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Activity

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% 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 17,898 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the transaction, the chief executive officer owned 296,735 shares in the company, valued at $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently modified their holdings of BJ. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth about $26,000. REAP Financial Group LLC boosted its stake in BJ’s Wholesale Club by 152.5% in the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Roxbury Financial LLC acquired a new position in BJ’s Wholesale Club in the third quarter valued at about $28,000. Davis Capital Management bought a new stake in BJ’s Wholesale Club in the third quarter valued at approximately $28,000. Finally, Eastern Bank bought a new stake in shares of BJ’s Wholesale Club in the third quarter worth about $29,000. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.