BJ’s Wholesale Club (NYSE:BJ) Stock Gets Downgrade from Wall Street Zen

BJ’s Wholesale Club (NYSE:BJ) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

BJ has been the subject of a number of other reports. DA Davidson set a $108.00 price objective on shares of BJ’s Wholesale Club in a report on Thursday, October 8th. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Wednesday, July 29th. Roth Capital reissued a “neutral” rating and issued a $97.00 price target on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. Citigroup increased their price target on shares of BJ’s Wholesale Club from $100.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, UBS Group raised 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 research note on Monday, August 24th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $106.06.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $105.73 on Friday. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.11 and a beta of 0.17. BJ’s Wholesale Club has a one year low of $83.21 and a one year high of $107.73. The business has a fifty day simple moving average of $95.23 and a 200 day simple moving average of $92.91. The company has a current ratio of 0.73, a quick ratio of 0.19 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last posted 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 firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. Sell-side analysts expect that BJ’s Wholesale Club will post 4.70 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,500 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $96.65, for a total transaction of $144,975.00. Following the sale, the senior vice president owned 13,269 shares of the company’s stock, valued at $1,282,448.85. This represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Werner sold 3,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $95.00, for a total transaction of $285,000.00. Following the sale, the executive vice president directly owned 50,160 shares in the company, valued at approximately $4,765,200. This represents a 5.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 291,452 shares of company stock valued at $29,541,597. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of BJ’s Wholesale Club during the second quarter valued at approximately $1,087,503,000. Wellington Management Group LLP increased its holdings in shares of BJ’s Wholesale Club by 15.4% in the second quarter. Wellington Management Group LLP now owns 3,282,291 shares of the company’s stock valued at $286,281,000 after purchasing an additional 436,827 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $179,649,000. Bank of America Corp DE bought a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $108,684,000. Finally, Amundi raised its position in BJ’s Wholesale Club by 31.7% in the 2nd quarter. Amundi now owns 1,122,060 shares of the company’s stock worth $97,866,000 after purchasing an additional 270,253 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc operates membership-based warehouse clubs in the United States. The company sells a wide selection of groceries, fresh foods, household essentials, electronics, furniture, appliances, apparel, health and beauty products, and other general merchandise. Its business model is built around offering products in bulk and at discounted prices to members.

BJ’s also operates gas stations at many of its warehouse clubs and provides services such as optical centers, tire centers, home improvement services, and online grocery fulfillment in select locations.