BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $111.43 Average Target Price from Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $109.6429.

BJ has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Wells Fargo & Company cut their price target on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BJ’s Wholesale Club in a report on Thursday. They issued a “hold” rating for the company. UBS Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Finally, BTIG Research restated a “buy” rating and set a $120.00 target price on shares of BJ’s Wholesale Club in a report on Friday, November 21st.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $90.10 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. BJ’s Wholesale Club has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The stock’s 50-day moving average is $91.63 and its two-hundred day moving average is $97.25. The firm has a market cap of $11.79 billion, a P/E ratio of 20.76, a PEG ratio of 2.48 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the company earned $1.18 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. Analysts predict that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert W. Eddy sold 17,898 shares of the firm’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 owned 296,735 shares in the company, valued at $26,620,096.85. This 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 owned by insiders.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently modified their holdings of the company. Friedenthal Financial bought a new stake in BJ’s Wholesale Club during the second quarter valued at $834,000. Boston Trust Walden Corp lifted its stake in BJ’s Wholesale Club by 7.3% during the third quarter. Boston Trust Walden Corp now owns 924,785 shares of the company’s stock worth $86,236,000 after purchasing an additional 62,903 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in BJ’s Wholesale Club during the second quarter worth about $577,000. First Citizens Bank & Trust Co. lifted its holdings in shares of BJ’s Wholesale Club by 252.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 13,326 shares of the company’s stock worth $1,437,000 after acquiring an additional 9,549 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in BJ’s Wholesale Club by 12.5% in the third quarter. Congress Asset Management Co. now owns 302,329 shares of the company’s stock worth $28,192,000 after purchasing an additional 33,700 shares during the last quarter. 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.