BJ’s Wholesale Club (NYSE:BJ) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of BJ’s Wholesale Club (NYSE:BJ) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. Gordon Haskett currently has $115.00 target price on the stock.

BJ has been the subject of a number of other research reports. Citigroup decreased their price target on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating and set a $109.00 price objective on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Wednesday, July 8th. Finally, Bank of America assumed coverage on shares of BJ’s Wholesale Club in a research report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 target price on the stock. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.93.

BJ’s Wholesale Club Trading Down 0.6%

BJ’s Wholesale Club stock opened at $97.84 on Wednesday. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.22. BJ’s Wholesale Club has a 1 year low of $83.21 and a 1 year high of $110.92. The firm’s 50 day moving average price is $89.60 and its two-hundred day moving average price is $93.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, May 22nd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.44 billion. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, research analysts predict that BJ’s Wholesale Club will post 4.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 73,016 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the transaction, the chief executive officer owned 282,330 shares in the company, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the transaction, the executive vice president directly owned 20,471 shares in the company, valued at $1,886,812.07. The trade was a 44.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of large investors have recently made changes to their positions in BJ. BOK Financial Private Wealth Inc. purchased a new position in BJ’s Wholesale Club during the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new stake in BJ’s Wholesale Club in the 4th quarter worth approximately $25,000. Essential Partners LLC boosted its stake in shares of BJ’s Wholesale Club by 81.2% during the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after buying an additional 130 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of BJ’s Wholesale Club by 147.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.