BJ’s Wholesale Club’s (BJ) Buy Rating Reaffirmed at DA Davidson

BJ’s Wholesale Club (NYSE:BJ)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a research report issued on Monday,Benzinga reports. They presently have a $123.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 35.71% from the stock’s current price.

BJ has been the subject of several other research reports. Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, August 22nd. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Friday, August 15th. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of BJ’s Wholesale Club in a research report on Friday. Finally, UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.13.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock traded down $0.98 during trading on Monday, hitting $90.64. The stock had a trading volume of 1,929,621 shares, compared to its average volume of 2,002,802. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club has a 12 month low of $86.68 and a 12 month high of $121.10. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.43 and a beta of 0.33. The business’s 50-day moving average is $92.80 and its 200 day moving average is $102.13.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. As a group, sell-side analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president owned 11,617 shares in the company, valued at $1,160,073.62. This trade represents a 35.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the completion of the sale, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently bought and sold shares of BJ. Oliver Lagore Vanvalin Investment Group bought a new stake in BJ’s Wholesale Club in the second quarter valued at approximately $26,000. REAP Financial Group LLC increased its stake in shares of BJ’s Wholesale Club by 152.5% in the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after buying an additional 151 shares during the period. Roxbury Financial LLC bought a new stake in BJ’s Wholesale Club during the 3rd quarter valued at $28,000. Davis Capital Management bought a new stake in BJ’s Wholesale Club during the 3rd quarter valued at $28,000. Finally, Root Financial Partners LLC purchased a new stake in BJ’s Wholesale Club during the 3rd quarter valued at $29,000. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.