BJ’s Wholesale Club (NYSE:BJ – Get Free Report) had its price target upped by equities research analysts at Wells Fargo & Company from $110.00 to $120.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.04% from the stock’s previous close.
A number of other brokerages have also recently weighed in on BJ. Roth Capital reaffirmed a “neutral” rating and issued a $97.00 price objective on shares of BJ’s Wholesale Club in a research note on Monday, August 24th. William Blair lowered BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research note on Monday, August 17th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Wednesday, July 29th. TD Cowen assumed coverage on BJ’s Wholesale Club in a research report on Friday, October 30th. They issued a “strong-buy” rating for the company. Finally, Bank of America reiterated a “neutral” rating on shares of BJ’s Wholesale Club in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.81.
Read Our Latest Analysis on BJ
BJ’s Wholesale Club Trading Up 0.2%
Shares of NYSE:BJ traded up $0.19 during mid-day trading on Friday, reaching $111.07. 134,845 shares of the company were exchanged, compared to its average volume of 1,957,379. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 3.25 and a beta of 0.12. The firm’s 50-day simple moving average is $99.59 and its 200 day simple moving average is $95.20. BJ’s Wholesale Club has a 1 year low of $83.21 and a 1 year high of $113.35.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last announced its earnings results 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. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.97 billion. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.62%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. Equities research analysts forecast that BJ’s Wholesale Club will post 4.70 EPS for the current year.
Insider Buying and Selling
In related news, EVP Laura L. Felice sold 10,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $110.53, for a total transaction of $1,105,300.00. Following the completion of the transaction, the executive vice president directly owned 84,416 shares of the company’s stock, valued at $9,330,500.48. The trade was a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Eddy sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $104.00, for a total value of $832,000.00. Following the sale, the chief executive officer owned 258,330 shares in the company, valued at approximately $26,866,320. This trade represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 228,436 shares of company stock valued at $23,343,836 in the last three months. 1.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BJ’s Wholesale Club
A number of institutional investors and hedge funds have recently made changes to their positions in BJ. Parcion Private Wealth LLC increased its stake in shares of BJ’s Wholesale Club by 2.9% during the third quarter. Parcion Private Wealth LLC now owns 3,749 shares of the company’s stock worth $345,000 after buying an additional 107 shares during the period. Essential Partners LLC raised its holdings in BJ’s Wholesale Club by 81.2% in the first quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares in the last quarter. Balefire LLC lifted its stake in BJ’s Wholesale Club by 5.0% in the first quarter. Balefire LLC now owns 2,845 shares of the company’s stock worth $280,000 after acquiring an additional 136 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in BJ’s Wholesale Club by 4.5% in the second quarter. Sheets Smith Wealth Management now owns 3,796 shares of the company’s stock worth $331,000 after acquiring an additional 163 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in BJ’s Wholesale Club by 8.4% in the third quarter. Benjamin Edwards Inc. now owns 2,782 shares of the company’s stock worth $256,000 after acquiring an additional 216 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.
BJ’s Wholesale Club Company Profile
BJ’s Wholesale Club Holdings, Inc. operates membership-based warehouse clubs that sell groceries and other merchandise in bulk and at discounted prices. Its offerings include fresh foods, household essentials, electronics, apparel, and seasonal products, as well as gasoline at many locations. The company also serves members through its website and mobile app, offering options such as online ordering and delivery or pickup. Its private-label brands include Wellsley Farms and Berkley Jensen. Founded in 1984 in Massachusetts, BJ’s primarily serves customers in the eastern United States.
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