BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $85.00 at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price objective decreased by research analysts at Evercore ISI from $100.00 to $85.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 9.80% from the stock’s current price.

A number of other research firms have also recently weighed in on BJ. UBS Group decreased their price objective on shares of BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Citigroup reduced their price target on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, August 25th. Gordon Haskett downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Friday, August 15th. Morgan Stanley cut their target price on BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, August 25th. Finally, Wall Street Zen downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $94.24 on Monday. The firm has a market capitalization of $12.42 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.51 and a beta of 0.33. BJ’s Wholesale Club has a one year low of $83.92 and a one year high of $121.10. The stock’s 50 day moving average price is $93.47 and its 200 day moving average price is $103.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, sell-side analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the sale, the chief executive officer directly owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in BJ’s Wholesale Club during the second quarter worth about $26,000. REAP Financial Group LLC lifted its stake in BJ’s Wholesale Club by 152.5% in the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. Roxbury Financial LLC bought a new stake in BJ’s Wholesale Club in the third quarter valued at $28,000. Davis Capital Management acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at $28,000. Finally, Eastern Bank bought a new position in shares of BJ’s Wholesale Club during the third quarter worth about $29,000. 98.60% of the stock is currently owned by institutional investors.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.