Citigroup Lowers BJ's Wholesale Club (NYSE:BJ) Price Target to $120.00

Key Points

• Citigroup has reduced its price target for BJ's Wholesale Club stock from $130.00 to $120.00, while still maintaining a "buy" rating, indicating a potential upside of 15.01% from the previous close.
• Multiple analysts have different target prices for BJ's, with a consensus price target of $115.33, and an overall consensus rating of "Moderate Buy" based on 11 buy ratings and 10 hold ratings.
• In recent trading, BJ's Wholesale Club shares were up 1.1% to $104.34, and the company reported a quarterly earnings per share (EPS) of $1.14, exceeding expectations.

BJ's Wholesale Club (NYSE:BJ - Free Report) had its price objective reduced by Citigroup from $130.00 to $120.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on BJ. DA Davidson lifted their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Roth Capital restated a "neutral" rating and issued a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their price objective on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, Loop Capital reissued a "hold" rating and set a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $115.33.

BJ's Wholesale Club Trading Down 8.6%

BJ traded down $9.0860 during mid-day trading on Monday, hitting $97.0740. 9,134,995 shares of the stock were exchanged, compared to its average volume of 1,905,824. The firm's fifty day moving average is $107.44 and its two-hundred day moving average is $110.03. BJ's Wholesale Club has a 1-year low of $76.33 and a 1-year high of $121.10. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The company has a market cap of $12.82 billion, a PE ratio of 22.58, a PEG ratio of 2.97 and a beta of 0.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities analysts forecast that BJ's Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the transaction, the chief executive officer directly owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Ortega bought 1,740 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the transaction, the director directly owned 8,641 shares in the company, valued at approximately $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. Insiders sold 138,061 shares of company stock valued at $15,027,745 in the last ninety days. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BJ's Wholesale Club

A number of institutional investors and hedge funds have recently bought and sold shares of BJ. Mariner LLC grew its holdings in shares of BJ's Wholesale Club by 0.8% during the fourth quarter. Mariner LLC now owns 19,107 shares of the company's stock worth $1,707,000 after purchasing an additional 146 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of BJ's Wholesale Club in the 4th quarter valued at about $316,000. NewEdge Advisors LLC boosted its position in shares of BJ's Wholesale Club by 152.9% in the 4th quarter. NewEdge Advisors LLC now owns 9,174 shares of the company's stock valued at $820,000 after purchasing an additional 5,547 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in BJ's Wholesale Club by 0.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 113,099 shares of the company's stock worth $10,100,000 after buying an additional 1,057 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in BJ's Wholesale Club by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,392,826 shares of the company's stock worth $124,453,000 after buying an additional 13,621 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

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.