BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $100.00 at Morgan Stanley

BJ’s Wholesale Club (NYSE:BJ) had its price objective decreased by Morgan Stanley from $105.00 to $100.00 in a report released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Evercore ISI boosted their price objective on BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BJ’s Wholesale Club in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Robert W. Baird cut their target price on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Finally, Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Hold” and an average price target of $109.29.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $94.95 on Thursday. 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 firm has a fifty day simple moving average of $91.98 and a 200-day simple moving average of $96.71. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.66 and a beta of 0.33. BJ’s Wholesale Club has a 1-year low of $86.68 and a 1-year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, sell-side analysts expect that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,898 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William C. Werner sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the transaction, the executive vice president owned 50,498 shares of the company’s stock, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Hedge funds have recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group acquired a new position in BJ’s Wholesale Club in the second quarter valued at about $26,000. REAP Financial Group LLC lifted its holdings in shares of BJ’s Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $28,000. Davis Capital Management acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $28,000. Finally, Root Financial Partners LLC bought a new stake in BJ’s Wholesale Club during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.