DA Davidson Has Lowered Expectations for BJ's Wholesale Club (NYSE:BJ) Stock Price

Key Points

• DA Davidson has lowered its price target for BJ's Wholesale Club stock from $140.00 to $123.00, while maintaining a "buy" rating, indicating a potential upside of 26.78% from the last close.
• Shares of BJ's Wholesale Club recently traded at $97.0170, reflecting a 0.1% decrease, with a 12-month low of $76.33 and a high of $121.10.
• Ten analysts have assigned BJ's Wholesale Club a "Buy" rating, while nine have a "Hold" rating, reflecting an overall consensus of a Moderate Buy with an average target price of $114.65.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its price target decreased by analysts at DA Davidson from $140.00 to $123.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target indicates a potential upside of 26.78% from the stock's previous close.

A number of other brokerages also recently issued reports on BJ. Robert W. Baird increased their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Roth Capital restated a "neutral" rating and issued a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Gordon Haskett downgraded shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average target price of $114.65.

BJ's Wholesale Club Stock Down 0.1%

Shares of BJ's Wholesale Club stock traded down $0.0930 during trading hours on Monday, hitting $97.0170. The company had a trading volume of 313,549 shares, compared to its average volume of 1,896,028. The company's 50-day moving average is $107.17 and its two-hundred day moving average is $110.06. BJ's Wholesale Club has a twelve month low of $76.33 and a twelve month high of $121.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. The company has a market cap of $12.81 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.69 and a beta of 0.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued 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. The business had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. 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 other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were 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 directly owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven L. Ortega bought 1,740 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the acquisition, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 138,061 shares of company stock valued at $15,027,745 in the last quarter. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BJ. TD Waterhouse Canada Inc. grew its position in BJ's Wholesale Club by 9,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock valued at $70,000 after purchasing an additional 776 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in BJ's Wholesale Club during the fourth quarter worth $4,468,000. Northern Trust Corp increased its position in BJ's Wholesale Club by 28.7% during the fourth quarter. Northern Trust Corp now owns 1,150,463 shares of the company's stock worth $102,794,000 after acquiring an additional 256,480 shares during the period. AQR Capital Management LLC increased its holdings in BJ's Wholesale Club by 923.0% in the 4th quarter. AQR Capital Management LLC now owns 405,276 shares of the company's stock valued at $36,163,000 after buying an additional 365,658 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its holdings in BJ's Wholesale Club by 18.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 73,211 shares of the company's stock valued at $6,541,000 after buying an additional 11,370 shares during the period. 98.60% of the stock is 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.

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