BJ's Wholesale Club (NYSE:BJ) Downgraded by Gordon Haskett to "Hold"

Key Points

• Analysts at Gordon Haskett downgraded BJ's Wholesale Club from a "buy" to a "hold" rating, setting a price target of $105.00, indicating a potential upside of 1.96% from the previous close.
• In the latest earnings report, BJ's Wholesale Club exceeded expectations with an EPS of $1.14, surpassing the consensus estimate of $0.91, despite revenues slightly missing estimates at $5.15 billion.
• Insider trading activity included Director Steven L. Ortega purchasing 1,740 shares and CEO Robert W. Eddy selling 17,900 shares, reflecting a mixed sentiment among company executives.

Gordon Haskett downgraded shares of BJ's Wholesale Club (NYSE:BJ - Free Report) from a buy rating to a hold rating in a research note released on Friday, Marketbeat.com reports. Gordon Haskett currently has $105.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Roth Capital reissued a "neutral" rating and set a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Robert W. Baird boosted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Loop Capital reissued a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, Citigroup boosted their price target on BJ's Wholesale Club from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.33.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock traded down $0.4610 during mid-day trading on Friday, hitting $104.4990. 1,837,819 shares of the company were exchanged, compared to its average volume of 1,850,874. The company has a market capitalization of $13.80 billion, a P/E ratio of 24.30, a PEG ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. BJ's Wholesale Club has a 12-month low of $76.33 and a 12-month high of $121.10. The business's 50 day simple moving average is $107.63 and its two-hundred day simple moving average is $110.04.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The business's revenue for the quarter was up 4.8% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.100-4.30 EPS. Analysts forecast that BJ's Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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. The trade was a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the business'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 completion of the transaction, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,061 shares of company stock worth $15,027,745. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ's Wholesale Club

Several institutional investors and hedge funds have recently made changes to their positions in BJ. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BJ's Wholesale Club during the 2nd quarter worth approximately $26,000. REAP Financial Group LLC increased its position in BJ's Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company's stock valued at $27,000 after acquiring an additional 151 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the 1st quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new position in shares of BJ's Wholesale Club in the second quarter worth $35,000. Finally, HM Payson & Co. acquired a new position in shares of BJ's Wholesale Club during the 1st quarter valued at $41,000. 98.60% of the stock is owned by institutional investors and hedge funds.

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.