BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $108.00

BJ’s Wholesale Club (NYSE:BJ) had its price target lifted by DA Davidson from $105.00 to $108.00 in a research report sent to investors on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Citigroup increased their price objective on BJ’s Wholesale Club from $100.00 to $111.00 and gave the company a “buy” rating in a research note on Monday. Bank of America initiated coverage on shares of BJ’s Wholesale Club in a report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $106.06.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $93.07 on Monday. The company has a 50-day simple moving average of $91.90 and a two-hundred day simple moving average of $93.73. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club has a 12-month low of $83.21 and a 12-month high of $105.78. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.18 and a beta of 0.21.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $5.97 billion. BJ’s Wholesale Club had a return on equity of 27.40% and a net margin of 2.64%.The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, equities analysts forecast that BJ’s Wholesale Club will post 4.69 EPS for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total transaction of $144,975.00. Following the completion of the transaction, the senior vice president owned 13,269 shares of the company’s stock, valued at $1,282,448.85. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 4,900 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $100.01, for a total value of $490,049.00. Following the completion of the sale, the chief executive officer owned 274,330 shares of the company’s stock, valued at approximately $27,435,743.30. This trade represents a 1.75% 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. Insiders have sold 95,916 shares of company stock valued at $9,458,889 over the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in BJ’s Wholesale Club by 8,560.2% in the second quarter. California State Teachers Retirement System now owns 13,116,580 shares of the company’s stock worth $1,144,028,000 after buying an additional 12,965,121 shares during the period. BlackRock Inc. purchased a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $1,087,503,000. Victory Capital Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after acquiring an additional 4,704,423 shares during the period. Bank of New York Mellon Corp bought a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $179,649,000. Finally, Norges Bank bought a new position in shares of BJ’s Wholesale Club in the 4th quarter worth approximately $151,765,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting BJ’s Wholesale Club

Here are the key news stories impacting BJ’s Wholesale Club this week:

• Positive Sentiment: Citi maintained its Buy rating on BJ’s, reinforcing a favorable analyst view of the warehouse-club operator. Citi Sticks to Their Buy Rating for BJ’s Wholesale Club Holdings
• Positive Sentiment: UBS raised its price target to $115, implying additional upside from recent trading levels and signaling confidence in BJ’s earnings outlook. UBS Group Increases BJ’s Wholesale Club Price Target
• Positive Sentiment: A new Ocala store is expected to expand BJ’s membership and sales footprint. The impact is likely incremental, but new locations can support longer-term growth. Ocala BJ’s Wholesale Club Store Opening
• Positive Sentiment: Zacks identified BJ as a top-ranked growth stock, highlighting its recent operating momentum and potential appeal to growth-focused investors. BJ’s Wholesale Club Is a Top-Ranked Growth Stock

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.