BTIG Research Begins Coverage on BJ's Wholesale Club (NYSE:BJ)

Key Points

• BTIG Research has initiated coverage on BJ's Wholesale Club (NYSE:BJ) with a buy rating, marking a positive outlook for the stock.
• Other analysts have varied ratings, with Citigroup and UBS setting target prices of $115.00 and $125.00, respectively, while Weiss Ratings downgraded it from a "buy" to a "hold".
• BJ's Wholesale Club reported an EPS of $1.14 for the last quarter, beating estimates, but its revenue of $5.38 billion fell short of expectations of $5.49 billion.

Investment analysts at BTIG Research assumed coverage on shares of BJ's Wholesale Club (NYSE:BJ - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "buy" rating on the stock.

A number of other analysts have also issued reports on the company. Citigroup decreased their price objective on BJ's Wholesale Club from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, August 25th. JPMorgan Chase & Co. dropped their target price on BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a report on Monday, August 25th. UBS Group dropped their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a report on Monday, August 25th. Weiss Ratings cut BJ's Wholesale Club from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus target price of $114.65.

BJ's Wholesale Club Trading Up 0.8%

Shares of BJ's Wholesale Club stock opened at $94.86 on Tuesday. 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 has a 52 week low of $83.92 and a 52 week high of $121.10. The stock has a 50 day moving average price of $97.57 and a two-hundred day moving average price of $106.89. The stock has a market capitalization of $12.50 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. BJ's Wholesale Club's quarterly revenue was up 3.2% on a year-over-year basis. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities analysts anticipate that BJ's Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares of the company's stock, valued at $12,563,100.16. The trade was a 33.86% 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 Graham Luce sold 6,300 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares of the company's stock, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BJ's Wholesale Club

A number of large investors have recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of BJ's Wholesale Club during the 2nd quarter worth $26,000. REAP Financial Group LLC lifted its holdings in BJ's Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company's stock worth $27,000 after buying an additional 151 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter valued at about $33,000. Roxbury Financial LLC purchased a new stake in shares of BJ's Wholesale Club in the 3rd quarter valued at about $28,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of BJ's Wholesale Club in the 2nd quarter valued at about $35,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

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.