BJ's Wholesale Club (NYSE:BJ) Coverage Initiated by Analysts at TD Cowen

Key Points

• TD Cowen initiated coverage with a “strong-buy” rating on BJ’s Wholesale Club. Overall analyst sentiment is “Moderate Buy,” with 10 Buy, 8 Hold, 1 Sell and 1 Strong Buy rating, alongside an average price target of $106.06.
• BJ’s most recent quarterly results exceeded expectations, reporting $1.36 in EPS versus a $1.17 consensus estimate and $6.23 billion in revenue, up 15.7% year over year. The company reaffirmed fiscal 2026 EPS guidance of $4.60–$4.80.
• Shares opened at $107.20, near their 52-week high of $108.09, while insiders sold approximately $22.2 million of stock over the past three months. Institutional investors own 98.6% of the company’s shares.

Stock analysts at TD Cowen began coverage on shares of BJ's Wholesale Club (NYSE:BJ - Get Free Report) in a report issued on Friday, Zacks reports. The brokerage set a "strong-buy" rating on the stock.

Several other brokerages have also recently commented on BJ. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of BJ's Wholesale Club in a research report on Friday, August 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Monday, August 24th. Weiss Ratings upgraded BJ's Wholesale Club from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. UBS Group lifted their target price on BJ's Wholesale Club from $109.00 to $115.00 and gave the company a "buy" rating in a report on Monday, August 24th. Finally, Gordon Haskett upgraded BJ's Wholesale Club from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.06.

BJ's Wholesale Club Stock Up 1.7%

Shares of NYSE:BJ opened at $107.20 on Friday. 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 firm has a market capitalization of $13.54 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 3.09 and a beta of 0.17. The firm's 50-day moving average is $96.49 and its two-hundred day moving average is $94.51. BJ's Wholesale Club has a 1 year low of $83.21 and a 1 year high of $108.09.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share (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 for the quarter, compared to analysts' expectations of $5.97 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The business's quarterly revenue was up 15.7% on a year-over-year basis. BJ's Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. Analysts predict that BJ's Wholesale Club will post 4.70 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Laura L. Felice sold 8,452 shares of the company's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $104.95, for a total transaction of $887,037.40. Following the completion of the transaction, the executive vice president directly owned 84,416 shares of the company's stock, valued at approximately $8,859,459.20. This represents a 9.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 1,500 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $96.65, for a total value of $144,975.00. Following the transaction, the senior vice president directly owned 13,269 shares of the company's stock, valued at approximately $1,282,448.85. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 218,436 shares of company stock valued at $22,238,536 in the last three months. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BJ's Wholesale Club

Institutional investors have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC grew its stake in shares of BJ's Wholesale Club by 18,607.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 5,238 shares of the company's stock valued at $482,000 after purchasing an additional 5,210 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of BJ's Wholesale Club by 51.3% during the third quarter. Vise Technologies Inc. now owns 14,475 shares of the company's stock worth $1,332,000 after purchasing an additional 4,907 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of BJ's Wholesale Club by 3,050.6% during the third quarter. International Assets Investment Management LLC now owns 150,000 shares of the company's stock worth $13,800,000 after purchasing an additional 145,239 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of BJ's Wholesale Club by 36.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,700 shares of the company's stock worth $1,076,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Parcion Private Wealth LLC lifted its holdings in shares of BJ's Wholesale Club by 2.9% during the third quarter. Parcion Private Wealth LLC now owns 3,749 shares of the company's stock worth $345,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Key Stories Impacting BJ's Wholesale Club

Here are the key news stories impacting BJ's Wholesale Club this week:

• Positive Sentiment: Texas expansion continues: BJ’s will open its fifth Texas club in Mesquite on November 6. The new location broadens the company’s footprint and provides another avenue for membership, sales and market-share growth. BJ's Wholesale Club in Mesquite, Texas, Set to Open November 6
• Positive Sentiment: Membership promotion could support customer growth: A heavily discounted annual membership, reportedly available for $10, may help BJ’s attract new members during the holiday and Black Friday shopping period. Increased membership penetration can support recurring fee revenue and store traffic, though the discount may reduce near-term membership revenue per new customer. BJ's Membership Black Friday Deal
• Neutral Sentiment: Upcoming earnings catalyst: BJ’s announced that it will hold its fiscal third-quarter 2026 earnings conference call on a later scheduled date. The announcement contained no new financial results, so investors are likely awaiting the report for updates on comparable sales, membership trends, margins and full-year guidance. BJ's Wholesale Club Announces Third Quarter Fiscal 2026 Earnings Conference Call Date
• Negative Sentiment: Potential development opposition in Branford: Residents raised concerns about a proposed BJ’s development in Branford, Connecticut. Opposition could create permitting delays, added costs or uncertainty for that individual project, although it does not appear to affect the company’s broader expansion plans. Branford Officials Hear From Residents on Proposed BJ's Development

BJ's Wholesale Club Company Profile

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.

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