BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $83.21 and last traded at $84.1220, with a volume of 1084174 shares traded. The stock had previously closed at $85.22.
Wall Street Analyst Weigh In
BJ has been the topic of several analyst reports. Citigroup dropped their target price on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Evercore restated a “positive” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. William Blair reaffirmed a “mixed” rating on shares of BJ’s Wholesale Club in a research report on Thursday, March 5th. DA Davidson lifted their price objective on shares of BJ’s Wholesale Club from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Hold” and a consensus price target of $105.27.
Read Our Latest Analysis on BJ
BJ’s Wholesale Club Stock Down 1.6%
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its quarterly earnings results on Friday, May 22nd. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.44 billion. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 earnings per share for the current year.
Insiders Place Their Bets
In other news, EVP Scott Schmadeke sold 16,500 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the completion of the transaction, the executive vice president directly owned 20,471 shares in the company, valued at approximately $1,886,812.07. This represents a 44.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total transaction of $728,160.00. Following the sale, the chief executive officer directly owned 306,330 shares of the company’s stock, valued at $27,882,156.60. The trade was a 2.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,550 shares of company stock worth $2,435,904 in the last three months. 1.10% of the stock is owned by insiders.
Institutional Trading of BJ’s Wholesale Club
Several institutional investors have recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. bought a new position in BJ’s Wholesale Club during the 4th quarter valued at $25,000. Strive Financial Group LLC bought a new stake in shares of BJ’s Wholesale Club in the 4th quarter worth about $25,000. Essential Partners LLC increased its position in shares of BJ’s Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares during the last quarter. Parkside Financial Bank & Trust raised its stake 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 valued at $26,000 after purchasing an additional 173 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of BJ’s Wholesale Club during the third quarter worth about $34,000. 98.60% of the stock is owned by institutional investors and hedge funds.
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.
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