Robert W. Baird Lowers BJ’s Wholesale Club (NYSE:BJ) Price Target to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its target price decreased by analysts at Robert W. Baird from $130.00 to $115.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 25.49% from the company’s current price.

A number of other analysts have also commented on the company. Weiss Ratings lowered BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of BJ’s Wholesale Club in a report on Friday. Evercore ISI restated a “positive” rating and set a $95.00 target price on shares of BJ’s Wholesale Club in a research note on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $110.13.

BJ’s Wholesale Club Trading Up 0.0%

BJ’s Wholesale Club stock traded up $0.03 during mid-day trading on Monday, hitting $91.64. 313,028 shares of the company’s stock were exchanged, compared to its average volume of 1,995,709. BJ’s Wholesale Club has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $12.07 billion, a P/E ratio of 21.12, a PEG ratio of 2.43 and a beta of 0.33. The company’s 50 day simple moving average is $92.80 and its 200-day simple moving average is $102.13.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the firm posted $1.18 earnings per share. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, equities analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the sale, the chief executive officer directly owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in BJ’s Wholesale Club in the 2nd quarter worth about $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 valued at $27,000 after buying an additional 151 shares during the period. Roxbury Financial LLC acquired a new position in shares of BJ’s Wholesale Club in the third quarter valued at approximately $28,000. Davis Capital Management bought a new position in BJ’s Wholesale Club in the 3rd quarter valued at approximately $28,000. Finally, Root Financial Partners LLC acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth approximately $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.