Brokerages Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) PT at $111.43

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been assigned a consensus rating of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $109.6429.

BJ has been the topic of a number of recent research reports. BTIG Research reaffirmed a “buy” rating and set a $120.00 price target on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. JPMorgan Chase & Co. dropped their price objective on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Barclays downgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $115.00 to $90.00 in a research note on Wednesday. DA Davidson restated a “buy” rating and set a $123.00 price target on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Finally, Morgan Stanley cut their price objective on shares of BJ’s Wholesale Club from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, November 24th.

BJ’s Wholesale Club Stock Down 0.1%

BJ’s Wholesale Club stock opened at $90.10 on Wednesday. BJ’s Wholesale Club has a twelve month low of $86.68 and a twelve month high of $121.10. The firm has a 50 day moving average price of $91.63 and a 200-day moving average price of $97.01. The company has a market capitalization of $11.79 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.47 and a beta of 0.33. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS 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 analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. BJ’s Wholesale Club’s revenue 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. As a group, equities analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the firm’s 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 transaction, the executive vice president owned 50,498 shares in the company, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of the company’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 sale, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $26,000. REAP Financial Group LLC grew its position 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 bought a new position in shares of BJ’s Wholesale Club in the third quarter worth $28,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club in the third quarter worth $28,000. Finally, Eastern Bank purchased a new stake in shares of BJ’s Wholesale Club in the third quarter worth $29,000. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Company Profile

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.