BJ’s Wholesale Club (NYSE:BJ) Reaches New 12-Month High – Still a Buy?

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) shares hit a new 52-week high on Thursday. The stock traded as high as $112.60 and last traded at $111.1670, with a volume of 250 shares changing hands. The stock had previously closed at $110.90.

Analysts Set New Price Targets

BJ has been the topic of a number of analyst reports. William Blair lowered shares of BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a report on Monday, August 17th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, August 24th. UBS Group increased their price objective on BJ’s Wholesale Club from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, TD Cowen assumed coverage on BJ’s Wholesale Club in a research note on Friday, October 30th. They set a “strong-buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.06.

BJ’s Wholesale Club Trading Up 1.0%

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 market capitalization of $14.15 billion, a P/E ratio of 24.41, a P/E/G ratio of 3.21 and a beta of 0.12. The firm’s 50 day moving average price is $97.32 and its 200 day moving average price is $94.74.

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

Insider Activity

In other news, EVP William C. Werner sold 3,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $95.00, for a total transaction of $285,000.00. Following the sale, the executive vice president owned 50,160 shares in the company, valued at $4,765,200. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,500 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $96.65, for a total value of $144,975.00. Following the sale, the senior vice president owned 13,269 shares in the company, valued at approximately $1,282,448.85. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 228,436 shares of company stock worth $23,343,836. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC grew its holdings in BJ’s Wholesale Club by 23.1% during the third quarter. AlphaCore Capital LLC now owns 6,226 shares of the company’s stock valued at $573,000 after purchasing an additional 1,169 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at about $26,000. Hohimer Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at approximately $4,255,000. Ethic Inc. grew its stake in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Ethic Inc. now owns 25,738 shares of the company’s stock valued at $2,368,000 after acquiring an additional 877 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of BJ’s Wholesale Club by 35.2% during the 3rd quarter. Parallel Advisors LLC now owns 4,651 shares of the company’s stock valued at $428,000 after acquiring an additional 1,212 shares during the period. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc operates membership-based warehouse clubs in the United States. The company sells a wide selection of groceries, fresh foods, household essentials, electronics, furniture, appliances, apparel, health and beauty products, and other general merchandise. Its business model is built around offering products in bulk and at discounted prices to members.

BJ’s also operates gas stations at many of its warehouse clubs and provides services such as optical centers, tire centers, home improvement services, and online grocery fulfillment in select locations.