Wells Fargo & Company Forecasts Strong Price Appreciation for BJ’s Wholesale Club (NYSE:BJ) Stock

BJ’s Wholesale Club (NYSE:BJ) had its target price increased by Wells Fargo & Company from $110.00 to $120.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 8.90% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Deutsche Bank reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 14th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Wednesday, July 29th. DA Davidson set a $108.00 target price on BJ’s Wholesale Club in a report on Thursday, October 8th. TD Cowen initiated coverage on BJ’s Wholesale Club in a research report on Friday, October 30th. They set a “strong-buy” rating for the company. Finally, Weiss Ratings upgraded BJ’s Wholesale Club from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.75.

BJ’s Wholesale Club Trading Down 0.6%

BJ traded down $0.69 during trading on Friday, reaching $110.19. 1,565,799 shares of the company’s stock were exchanged, compared to its average volume of 1,816,797. The company’s fifty day moving average price is $99.94 and its 200-day moving average price is $95.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.19 and a current ratio of 0.73. BJ’s Wholesale Club has a fifty-two week low of $83.21 and a fifty-two week high of $113.35. The firm has a market capitalization of $13.92 billion, a PE ratio of 24.11, a P/E/G ratio of 3.04 and a beta of 0.12.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Friday, August 21st. The company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.17 by $0.19. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, equities analysts forecast that BJ’s Wholesale Club will post 4.70 EPS for the current year.

Insider Activity

In related news, CEO Robert W. Eddy sold 172,184 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $102.19, for a total value of $17,595,482.96. Following the completion of the sale, the chief executive officer owned 266,330 shares in the company, valued at $27,216,262.70. This represents a 39.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Laura Felice sold 10,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $110.53, for a total value of $1,105,300.00. Following the sale, the executive vice president directly owned 84,416 shares in the company, valued at $9,330,500.48. The trade was a 10.59% 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 sold 228,436 shares of company stock worth $23,343,836 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several large investors have recently modified their holdings of BJ. BlackRock Inc. bought a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $1,087,503,000. Wellington Management Group LLP increased its stake in BJ’s Wholesale Club by 15.4% during the 2nd quarter. Wellington Management Group LLP now owns 3,282,291 shares of the company’s stock worth $286,281,000 after purchasing an additional 436,827 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $179,649,000. Bank of America Corp DE bought a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $108,684,000. Finally, Amundi raised its holdings in BJ’s Wholesale Club by 31.7% during the 2nd quarter. Amundi now owns 1,122,060 shares of the company’s stock worth $97,866,000 after buying an additional 270,253 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Key BJ’s Wholesale Club News

These are some of the BJ news items that stood out recently:

• Positive Sentiment: Wells Fargo raised its price target from $110 to $120 and maintained an Overweight rating, implying potential upside from the cited share price. Benzinga
• Positive Sentiment: JPMorgan lifted its target from $100 to $113, although it kept a Neutral rating. The higher target may support sentiment, but signals limited conviction at current levels. Tickerreport
• Neutral Sentiment: BJ’s was expected to report earnings Friday, a potential near-term catalyst; the provided item did not include results. Earnings release preview

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc. operates membership-based warehouse clubs that sell groceries and other merchandise in bulk and at discounted prices. Its offerings include fresh foods, household essentials, electronics, apparel, and seasonal products, as well as gasoline at many locations. The company also serves members through its website and mobile app, offering options such as online ordering and delivery or pickup. Its private-label brands include Wellsley Farms and Berkley Jensen. Founded in 1984 in Massachusetts, BJ’s primarily serves customers in the eastern United States.