The Goldman Sachs Group Cuts BJ’s Wholesale Club (NYSE:BJ) Price Target to $123.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective reduced by The Goldman Sachs Group from $139.00 to $123.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and decreased their target price for the stock from $120.00 to $90.00 in a research report on Wednesday, January 28th. TD Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. UBS Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Wells Fargo & Company dropped their price objective on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Finally, Evercore ISI upped their target price on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a research note on Monday, November 24th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $107.63.

BJ’s Wholesale Club Trading Up 2.9%

NYSE BJ opened at $98.59 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. BJ’s Wholesale Club has a one year low of $86.68 and a one year high of $121.10. The company’s 50 day moving average price is $92.72 and its 200 day moving average price is $95.39. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.49 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a net margin of 2.72% and a return on equity of 28.66%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the firm posted $1.18 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the transaction, the executive vice president directly owned 50,498 shares in the company, valued at $4,599,862.82. This represents a 12.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in BJ’s Wholesale Club by 60.1% in the third quarter. Victory Capital Management Inc. now owns 8,225,865 shares of the company’s stock valued at $768,716,000 after buying an additional 3,087,151 shares during the last quarter. Norges Bank acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $178,952,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $110,523,000. Massachusetts Financial Services Co. MA increased its holdings in shares of BJ’s Wholesale Club by 31.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after acquiring an additional 1,152,591 shares during the last quarter. Finally, State Street Corp raised its position in shares of BJ’s Wholesale Club by 25.4% during the 3rd quarter. State Street Corp now owns 5,082,478 shares of the company’s stock valued at $473,941,000 after acquiring an additional 1,028,779 shares in the last quarter. 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.