Recent Research Analysts’ Ratings Updates for BJ’s Wholesale Club (BJ)

Posted by Teresa Graham on Nov 27th, 2024

Several analysts have recently updated their ratings and price targets for BJ’s Wholesale Club (NYSE: BJ):

11/25/2024 – BJ’s Wholesale Club had its price target raised by analysts at Roth Mkm from $75.00 to $87.00. They now have a “neutral” rating on the stock.
11/22/2024 – BJ’s Wholesale Club had its price target raised by analysts at Morgan Stanley from $90.00 to $98.00. They now have an “equal weight” rating on the stock.
11/22/2024 – BJ’s Wholesale Club had its price target raised by analysts at UBS Group AG from $102.00 to $108.00. They now have a “buy” rating on the stock.
11/22/2024 – BJ’s Wholesale Club had its price target raised by analysts at TD Cowen from $95.00 to $110.00. They now have a “buy” rating on the stock.
11/21/2024 – BJ’s Wholesale Club had its price target raised by analysts at Jefferies Financial Group Inc. from $105.00 to $110.00. They now have a “buy” rating on the stock.
11/15/2024 – BJ’s Wholesale Club had its price target raised by analysts at Jefferies Financial Group Inc. from $95.00 to $105.00. They now have a “buy” rating on the stock.
11/12/2024 – BJ’s Wholesale Club had its price target raised by analysts at Wells Fargo & Company from $92.00 to $100.00. They now have an “overweight” rating on the stock.

BJ’s Wholesale Club Trading Down 1.4 %

BJ’s Wholesale Club stock opened at $97.06 on Wednesday. The firm’s 50 day moving average price is $86.18 and its 200-day moving average price is $85.61. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.73 and a 1 year high of $99.91. The stock has a market cap of $12.87 billion, a P/E ratio of 23.33, a PEG ratio of 4.63 and a beta of 0.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 33,000 shares of company stock valued at $2,734,820 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of BJ’s Wholesale Club by 1.3% in the first quarter. Janus Henderson Group PLC now owns 149,306 shares of the company’s stock valued at $11,293,000 after buying an additional 1,955 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in BJ’s Wholesale Club by 18.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,273 shares of the company’s stock valued at $305,000 after purchasing an additional 665 shares in the last quarter. Tidal Investments LLC increased its stake in shares of BJ’s Wholesale Club by 96.8% during the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock worth $1,501,000 after purchasing an additional 9,759 shares in the last quarter. Virtu Financial LLC purchased a new position in BJ’s Wholesale Club in the 1st quarter valued at about $776,000. Finally, LRI Investments LLC acquired a new position in BJ’s Wholesale Club in the first quarter valued at $140,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.