Citigroup Lowers BJ's Wholesale Club (NYSE:BJ) Price Target to $115.00

Key Points

• Citigroup has lowered its price target for BJ's Wholesale Club from $120.00 to $115.00, while maintaining a "buy" rating, indicating a potential upside of 19.80% from the stock's previous close.
• The stock is currently down 1.2%, trading at $95.99, having a market cap of $12.68 billion and a 52-week high of $121.10.
• Insider transactions show significant selling, with an executive vice president recently selling over 58,000 shares, leading to a 33.86% decrease in their ownership.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its target price cut by research analysts at Citigroup from $120.00 to $115.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 19.80% from the stock's previous close.

A number of other research analysts have also recently weighed in on BJ. Loop Capital restated a "hold" rating and set a $120.00 target price (up previously from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Gordon Haskett downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Friday, August 15th. Morgan Stanley reduced their price target on shares of BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Wall Street Zen downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $113.59.

BJ's Wholesale Club Stock Down 1.2%

Shares of NYSE BJ traded down $1.1190 during mid-day trading on Monday, hitting $95.9910. 1,175,204 shares of the stock traded hands, compared to its average volume of 1,900,375. 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 $76.33 and a 52 week high of $121.10. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.69 and a beta of 0.43. The stock has a fifty day moving average price of $107.17 and a 200-day moving average price of $110.06.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, topping 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 firm had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The company's 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. Research analysts anticipate that BJ's Wholesale Club will post 3.96 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were 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. This represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven L. Ortega purchased 1,740 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director directly owned 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 138,061 shares of company stock valued at $15,027,745. Company insiders own 1.40% of the company's stock.

Institutional Trading of BJ's Wholesale Club

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in shares of BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after buying an additional 92 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of BJ's Wholesale Club by 1.9% in the second quarter. Fulton Bank N.A. now owns 5,174 shares of the company's stock valued at $558,000 after purchasing an additional 98 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of BJ's Wholesale Club by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the company's stock valued at $4,000,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of BJ's Wholesale Club by 0.3% in the second quarter. State of Michigan Retirement System now owns 31,715 shares of the company's stock valued at $3,420,000 after purchasing an additional 100 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of BJ's Wholesale Club by 4.3% in the first quarter. Greenleaf Trust now owns 2,450 shares of the company's stock valued at $280,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

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.

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