BJ’s Wholesale Club (NYSE:BJ – Get Free Report)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Roth Capital in a note issued to investors on Monday,Benzinga reports. They presently have a $97.00 target price on the stock. Roth Capital’s price objective suggests a potential downside of 2.49% from the company’s current price.
Several other brokerages have also commented on BJ. UBS Group boosted their price target on shares of BJ’s Wholesale Club from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Citigroup reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. Bank of America began coverage on BJ’s Wholesale Club in a research note on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $105.38.
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BJ’s Wholesale Club Price Performance
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.19. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.97 billion. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.64%.BJ’s Wholesale Club’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, analysts predict that BJ’s Wholesale Club will post 4.68 earnings per share for the current year.
Insider Transactions at BJ’s Wholesale Club
In related news, EVP Scott Schmadeke sold 16,500 shares of the company’s 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 completion of the sale, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. This represents a 44.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 73,016 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.
Institutional Trading of BJ’s Wholesale Club
A number of hedge funds and other institutional investors have recently made changes to their positions in BJ. California State Teachers Retirement System raised its position in shares of BJ’s Wholesale Club by 8,560.2% during the 2nd quarter. California State Teachers Retirement System now owns 13,116,580 shares of the company’s stock valued at $1,144,028,000 after buying an additional 12,965,121 shares during the period. Victory Capital Management Inc. increased its stake in BJ’s Wholesale Club by 57.2% during the fourth 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 last quarter. BlackRock Inc. purchased a new stake in BJ’s Wholesale Club in the second quarter valued at $1,087,503,000. Franklin Resources Inc. raised its position in BJ’s Wholesale Club by 12.8% in the fourth quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock valued at $586,513,000 after purchasing an additional 737,130 shares during the period. Finally, State Street Corp lifted its stake in shares of BJ’s Wholesale Club by 7.7% in the 4th quarter. State Street Corp now owns 5,471,805 shares of the company’s stock valued at $492,627,000 after purchasing an additional 389,327 shares during the last quarter. 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.
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