BTIG Research Reaffirms Buy Rating for BJ’s Wholesale Club (NYSE:BJ)

BJ’s Wholesale Club (NYSE:BJ)‘s stock had its “buy” rating restated by research analysts at BTIG Research in a report issued on Friday,Benzinga reports. They currently have a $120.00 price objective on the stock. BTIG Research’s price objective points to a potential upside of 30.95% from the stock’s current price.

Other analysts have also issued research reports about the company. Wells Fargo & Company decreased their price target on 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. DA Davidson cut their price objective on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a report on Monday, August 25th. JPMorgan Chase & Co. reduced their target price on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Finally, Citigroup cut their price target on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 25th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.13.

BJ’s Wholesale Club Price Performance

NYSE BJ traded up $0.03 on Friday, reaching $91.64. The company’s stock had a trading volume of 313,028 shares, compared to its average volume of 1,995,709. BJ’s Wholesale Club has a 52 week low of $86.68 and a 52 week high of $121.10. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The firm has a market cap of $12.07 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.43 and a beta of 0.33. The business has a 50-day moving average price of $92.80 and a 200 day moving average price of $102.13.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share for the quarter, beating 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 the consensus estimate of $5.35 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The company’s quarterly 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. Sell-side analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Graham Luce sold 6,300 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently modified their holdings of BJ. Prana Capital Management LP lifted its holdings in BJ’s Wholesale Club by 69.3% during the 3rd quarter. Prana Capital Management LP now owns 307,960 shares of the company’s stock worth $28,717,000 after buying an additional 126,057 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of BJ’s Wholesale Club during the third quarter worth $34,000. Coldstream Capital Management Inc. raised its position in shares of BJ’s Wholesale Club by 23.6% during the third quarter. Coldstream Capital Management Inc. now owns 9,983 shares of the company’s stock worth $931,000 after acquiring an additional 1,904 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at $110,523,000. Finally, Danske Bank A S bought a new position in BJ’s Wholesale Club in the third quarter valued at about $75,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.