Citigroup Cuts BJ’s Wholesale Club (NYSE:BJ) Price Target to $100.00

BJ’s Wholesale Club (NYSE:BJ) had its price target cut by research analysts at Citigroup from $118.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 17.79% from the stock’s previous close.

BJ has been the topic of several other reports. UBS Group restated a “buy” rating and set a $109.00 price target on shares of BJ’s Wholesale Club in a research report on Tuesday. Bank of America assumed coverage on BJ’s Wholesale Club in a research report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price target on the stock. The Goldman Sachs Group reduced their price target on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Wells Fargo & Company lifted their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. lifted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $105.31.

BJ’s Wholesale Club Trading Down 2.0%

BJ traded down $1.74 on Tuesday, hitting $84.90. 2,837,193 shares of the company were exchanged, compared to its average volume of 1,974,735. The firm has a fifty day simple moving average of $94.82 and a two-hundred day simple moving average of $94.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.75. BJ’s Wholesale Club has a 12 month low of $83.90 and a 12 month high of $117.00. The stock has a market capitalization of $10.84 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 3.17 and a beta of 0.27.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a return on equity of 27.55% and a net margin of 2.70%.The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company earned $1.14 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 9.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts expect that BJ’s Wholesale Club will post 4.52 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 2,050 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total value of $186,939.50. Following the sale, the senior vice president directly owned 14,769 shares in the company, valued at approximately $1,346,785.11. This trade represents a 12.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total value of $728,160.00. Following the completion of the sale, the chief executive officer owned 306,330 shares in the company, valued at approximately $27,882,156.60. This represents a 2.55% decrease in their ownership of the stock. 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. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of large investors have recently made changes to their positions in BJ. BOK Financial Private Wealth Inc. purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $25,000. Essential Partners LLC lifted its stake in shares of BJ’s Wholesale Club by 81.3% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $29,000. 98.60% of the stock is currently owned by institutional investors.

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.