DA Davidson Reiterates “Buy” Rating for BJ’s Wholesale Club (NYSE:BJ)

BJ’s Wholesale Club (NYSE:BJ)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a report released on Monday,Benzinga reports. They presently have a $123.00 price target on the stock. DA Davidson’s price target would suggest a potential upside of 35.71% from the company’s current price.

BJ has been the topic of a number of other reports. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Friday, August 15th. Robert W. Baird cut their price target on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Wall Street Zen lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $110.13.

BJ’s Wholesale Club Stock Down 1.1%

Shares of BJ traded down $0.98 during trading hours on Monday, reaching $90.64. 1,929,621 shares of the stock traded hands, compared to its average volume of 2,002,802. BJ’s Wholesale Club has a 52 week low of $86.68 and a 52 week high of $121.10. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.43 and a beta of 0.33. The stock has a fifty day simple moving average of $92.80 and a 200 day simple moving average of $102.13. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the business posted $1.18 EPS. The company’s revenue for the quarter 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. On average, equities analysts forecast that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 6,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the sale, the executive vice president owned 11,617 shares of the company’s stock, valued at $1,160,073.62. The trade was a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the sale, the chief executive officer owned 296,735 shares in the company, valued at $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its position in shares of BJ’s Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company’s stock valued at $58,000 after purchasing an additional 92 shares in the last quarter. Fulton Bank N.A. boosted its stake in BJ’s Wholesale Club by 1.9% in the 2nd quarter. Fulton Bank N.A. now owns 5,174 shares of the company’s stock worth $558,000 after purchasing an additional 98 shares during the period. Louisiana State Employees Retirement System grew its holdings in BJ’s Wholesale Club by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company’s stock valued at $4,000,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System increased its position in shares of BJ’s Wholesale Club by 0.3% during the second quarter. State of Michigan Retirement System now owns 31,715 shares of the company’s stock valued at $3,420,000 after buying an additional 100 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of BJ’s Wholesale Club by 3.1% during the second quarter. Sequoia Financial Advisors LLC now owns 3,346 shares of the company’s stock valued at $361,000 after buying an additional 101 shares during the period. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.