BJ’s Wholesale Club (NYSE:BJ) Upgraded at Wall Street Zen

Wall Street Zen 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 Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also issued reports on BJ. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Wednesday, July 29th. DA Davidson increased their price objective on BJ’s Wholesale Club from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Roth Capital reiterated a “neutral” rating and issued a $97.00 target price on shares of BJ’s Wholesale Club in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 14th. Finally, Bank of America began 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 for the company. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus price target of $106.06.

BJ’s Wholesale Club Trading Up 0.2%

NYSE BJ opened at $90.79 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.19 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club has a 1-year low of $83.21 and a 1-year high of $105.78. The firm’s fifty day simple moving average is $92.25 and its 200-day simple moving average is $93.54. The company has a market capitalization of $11.47 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 3.05 and a beta of 0.21.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.64%.The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, sell-side analysts anticipate that BJ’s Wholesale Club will post 4.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total transaction of $144,975.00. Following the completion of the sale, the senior vice president owned 13,269 shares in the company, valued at approximately $1,282,448.85. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Schmadeke sold 16,500 shares of the stock in a transaction dated 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 approximately $1,886,812.07. This represents a 44.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,916 shares of company stock valued at $9,458,889 over the last quarter. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of BJ’s Wholesale Club by 8,560.2% in the second quarter. California State Teachers Retirement System now owns 13,116,580 shares of the company’s stock worth $1,144,028,000 after buying an additional 12,965,121 shares during the last quarter. BlackRock Inc. acquired a new position in BJ’s Wholesale Club in the 2nd quarter valued at $1,087,503,000. Victory Capital Management Inc. raised its holdings in BJ’s Wholesale Club by 57.2% in the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after acquiring an additional 4,704,423 shares during the period. Bank of New York Mellon Corp bought a new position in BJ’s Wholesale Club in the 2nd quarter worth $179,649,000. Finally, Norges Bank acquired a new position in BJ’s Wholesale Club during the 4th quarter worth $151,765,000. Institutional investors 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.