BJ’s Wholesale Club (NYSE:BJ) Given New $113.00 Price Target at JPMorgan Chase & Co.

BJ’s Wholesale Club (NYSE:BJ) had its target price upped by JPMorgan Chase & Co. from $100.00 to $113.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the company. Bank of America restated a “neutral” rating on shares of BJ’s Wholesale Club in a report on Wednesday. Roth Capital reaffirmed a “neutral” rating and set a $97.00 target price on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. Deutsche Bank reiterated a “hold” rating on shares of BJ’s Wholesale Club in a report on Friday, August 14th. Wells Fargo & Company increased their price target on BJ’s Wholesale Club from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $107.75.

BJ’s Wholesale Club Stock Down 0.6%

Shares of NYSE:BJ traded down $0.69 during midday trading on Friday, hitting $110.19. 1,565,799 shares of the company’s stock were exchanged, compared to its average volume of 1,816,797. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19. The stock has a 50 day moving average price of $99.94 and a 200-day moving average price of $95.27. The company has a market cap of $13.92 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.04 and a beta of 0.12. BJ’s Wholesale Club has a 12 month low of $83.21 and a 12 month high of $113.35.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.19. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. On average, sell-side analysts anticipate that BJ’s Wholesale Club will post 4.70 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 172,184 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $102.19, for a total value of $17,595,482.96. Following the transaction, the chief executive officer owned 266,330 shares in the company, valued at $27,216,262.70. The trade was a 39.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP William C. Werner sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.00, for a total value of $285,000.00. Following the completion of the transaction, the executive vice president owned 50,160 shares in the company, valued at $4,765,200. The trade was a 5.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 228,436 shares of company stock worth $23,343,836 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at $1,087,503,000. Wellington Management Group LLP boosted its holdings in shares of BJ’s Wholesale Club by 15.4% in the 2nd quarter. Wellington Management Group LLP now owns 3,282,291 shares of the company’s stock worth $286,281,000 after buying an additional 436,827 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth about $179,649,000. Bank of America Corp DE bought a new position in BJ’s Wholesale Club during the second quarter valued at about $108,684,000. Finally, Amundi grew its position in BJ’s Wholesale Club by 31.7% during the second quarter. Amundi now owns 1,122,060 shares of the company’s stock valued at $97,866,000 after buying an additional 270,253 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Trending Headlines about BJ’s Wholesale Club

Here are a few of the latest headlines about BJ:

• 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
• Positive Sentiment: Zacks cited BJ’s above-average financial growth as a reason growth investors should not overlook the stock. Zacks growth analysis
• 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.