BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $123.00 at The Goldman Sachs Group

BJ’s Wholesale Club (NYSE:BJ) had its price objective cut by The Goldman Sachs Group from $139.00 to $123.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on BJ. JPMorgan Chase & Co. decreased their price target on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. TD Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Morgan Stanley lowered their target price on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Wells Fargo & Company reduced their price target on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Hold” and an average price target of $107.63.

BJ’s Wholesale Club Price Performance

BJ stock opened at $92.30 on Monday. BJ’s Wholesale Club has a 12 month low of $86.68 and a 12 month high of $121.10. 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 50-day moving average price of $92.43 and a 200 day moving average price of $95.43. The stock has a market cap of $12.08 billion, a PE ratio of 21.27, a P/E/G ratio of 2.56 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, topping 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 company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Equities research analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the sale, the executive vice president directly owned 50,498 shares in the company, valued at $4,599,862.82. The trade was a 12.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. REAP Financial Group LLC boosted its position in BJ’s Wholesale Club by 152.5% during the second 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 purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at about $28,000. Davis Capital Management bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $28,000. Eastern Bank bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $29,000. Finally, Root Financial Partners LLC purchased a new position in shares of BJ’s Wholesale Club in the 3rd quarter worth approximately $29,000. 98.60% of the stock is owned by institutional investors.

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.