Citigroup Cuts BJ’s Wholesale Club (NYSE:BJ) Price Target to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its target price reduced by Citigroup from $120.00 to $115.00 in a research report released on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price objective (up previously from $125.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. DA Davidson decreased their price objective on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a report on Monday. Evercore ISI lifted their price objective on BJ’s Wholesale Club from $115.00 to $117.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. Roth Capital reiterated a “neutral” rating and set a $106.00 target price (up from $101.00) on shares of BJ’s Wholesale Club in a research report on Wednesday, May 28th. Finally, Robert W. Baird lifted their price target on BJ’s Wholesale Club from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $113.18.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $97.30 on Monday. BJ’s Wholesale Club has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.56 and a beta of 0.43. The stock has a fifty day moving average of $106.41 and a two-hundred day moving average of $109.81. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, analysts anticipate that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the transaction, the chief executive officer directly owned 368,333 shares of the company’s stock, valued at $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares in the company, valued at approximately $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,061 shares of company stock worth $15,027,745. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of BJ. Advisory Services Network LLC grew its position in BJ’s Wholesale Club by 45.7% in the second quarter. Advisory Services Network LLC now owns 11,421 shares of the company’s stock valued at $1,209,000 after acquiring an additional 3,582 shares in the last quarter. Anchor Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 7.4% in the second quarter. Anchor Investment Management LLC now owns 2,187 shares of the company’s stock valued at $236,000 after purchasing an additional 150 shares during the period. State of Wyoming acquired a new stake in BJ’s Wholesale Club during the 2nd quarter valued at $360,000. Geneos Wealth Management Inc. increased its stake in BJ’s Wholesale Club by 94.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 59,323 shares of the company’s stock worth $6,397,000 after buying an additional 28,850 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in BJ’s Wholesale Club by 1.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 204,077 shares of the company’s stock worth $22,006,000 after buying an additional 3,575 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Company Profile

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.