Robert W. Baird Issues Pessimistic Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its price target lowered by analysts at Robert W. Baird from $130.00 to $115.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 25.49% from the company’s previous close.

BJ has been the topic of a number of other research reports. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday. JPMorgan Chase & Co. lowered their target price on 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. Wells Fargo & Company lowered their price target on BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Jefferies Financial Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. Finally, Evercore ISI restated a “positive” rating and set a $95.00 price target on shares of BJ’s Wholesale Club in a report on Monday. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.13.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock traded up $0.03 during midday trading on Monday, hitting $91.64. The company’s stock had a trading volume of 313,028 shares, compared to its average volume of 1,995,709. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $92.80 and its 200-day moving average price is $102.13. BJ’s Wholesale Club has a 12 month low of $86.68 and a 12 month high of $121.10. The company has a market capitalization 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.

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 analysts’ consensus estimates 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 company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. The business’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. Analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total transaction of $629,118.00. Following the transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at $1,160,073.62. This represents a 35.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in BJ’s Wholesale Club during the second quarter valued at approximately $26,000. REAP Financial Group LLC raised its position in shares of BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 151 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at $28,000. Davis Capital Management bought a new position in BJ’s Wholesale Club in the third quarter valued at about $28,000. Finally, Root Financial Partners LLC acquired a new stake in BJ’s Wholesale Club in the third quarter worth about $29,000. 98.60% of the stock is owned by institutional investors.

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.