Evercore ISI Has Lowered Expectations for BJ's Wholesale Club (NYSE:BJ) Stock Price

Key Points

• Evercore ISI has reduced its target price for BJ's Wholesale Club (NYSE:BJ) from $108.00 to $105.00, maintaining an "in-line" rating which indicates a potential upside of 16.01% from the current price.
• Other analysts have also revised their ratings, with UBS Group cutting their target from $135.00 to $125.00 while maintaining a "buy" rating, and Gordon Haskett changing the stock from "buy" to "hold" with a target price of $105.00.
• BJ's Wholesale Club reported a quarterly earnings increase with an EPS of $1.14, exceeding analyst predictions of $1.10, but its revenue of $5.38 billion fell short of expectations of $5.49 billion.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its target price dropped by Evercore ISI from $108.00 to $105.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's price target suggests a potential upside of 16.01% from the stock's current price.

Several other equities research analysts have also issued reports on BJ. UBS Group dropped their price target on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BJ's Wholesale Club in a research note on Saturday, September 27th. Gordon Haskett cut shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research report on Friday, August 15th. JPMorgan Chase & Co. lowered their price target on shares of BJ's Wholesale Club from $113.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. 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. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.31.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded up $0.41 during trading on Tuesday, hitting $90.51. The company had a trading volume of 915,259 shares, compared to its average volume of 1,970,409. The stock's 50-day moving average is $99.75 and its two-hundred day moving average is $107.79. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.47 and a beta of 0.36. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. BJ's Wholesale Club has a 52 week low of $83.92 and a 52 week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Friday, August 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, analysts predict that BJ's Wholesale Club will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the business's stock in a transaction dated Friday, August 1st. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Graham Luce sold 6,300 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total transaction of $629,118.00. Following the sale, the executive vice president owned 11,617 shares of the company's stock, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,561 shares of company stock worth $11,735,689 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of BJ's Wholesale Club during the second quarter valued at about $26,000. REAP Financial Group LLC boosted its position 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 valued at $27,000 after acquiring an additional 151 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of BJ's Wholesale Club during the 3rd quarter worth approximately $28,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the 1st quarter worth approximately $33,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of BJ's Wholesale Club in the 2nd quarter valued at approximately $35,000. 98.60% of the stock is currently owned by 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.

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