BJ’s Wholesale Club (NYSE:BJ) Given New $90.00 Price Target at JPMorgan Chase & Co.

BJ’s Wholesale Club (NYSE:BJ) had its target price cut by equities researchers at JPMorgan Chase & Co. from $100.00 to $90.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 5.80% from the company’s current price.

Several other research firms have also recently weighed in on BJ. Evercore restated a “positive” rating on shares of BJ’s Wholesale Club in a research report on Thursday, March 5th. Citigroup reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, February 20th. Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. DA Davidson upped their target price on BJ’s Wholesale Club from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, William Blair reaffirmed a “mixed” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $107.38.

BJ’s Wholesale Club Price Performance

Shares of BJ stock traded down $0.41 during trading on Friday, hitting $95.55. The company had a trading volume of 429,457 shares, compared to its average volume of 1,884,250. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $95.34 and its two-hundred day moving average is $94.28. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 3.29 and a beta of 0.27. BJ’s Wholesale Club has a 52 week low of $86.68 and a 52 week high of $120.08.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.54 billion. BJ’s Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. BJ’s Wholesale Club’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts predict that BJ’s Wholesale Club will post 4.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 2,050 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.19, for a total transaction of $186,939.50. Following the completion of the transaction, the senior vice president owned 14,769 shares in the company, valued at $1,346,785.11. The trade was a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert W. Eddy sold 8,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total value of $728,160.00. Following the transaction, the chief executive officer owned 306,330 shares of the company’s stock, valued at approximately $27,882,156.60. The trade was a 2.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently bought and sold shares of the business. BOK Financial Private Wealth Inc. purchased a new position in BJ’s Wholesale Club during the 4th quarter valued at $25,000. Strive Financial Group LLC purchased a new stake in shares of BJ’s Wholesale Club in the 4th quarter worth $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the period. Root Financial Partners LLC purchased a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $29,000. Finally, Eastern Bank purchased a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.