BJ's Wholesale Club (NYSE:BJ) Price Target Cut to $110.00 by Analysts at Evercore ISI

Key Points

• Evercore ISI has reduced BJ's Wholesale Club's price target from $117.00 to $110.00, maintaining an "in-line" rating which suggests a potential upside of 15.15% from the current price.
• Several other analysts have also lowered their price targets for BJ's, with JPMorgan advising a neutral rating and a target of $110.00, while Roth Capital set a target of $106.00.
• BJ's stock has seen a 1.6% decline, with the current trading price around $95.52, significantly below its 52-week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its target price decreased by Evercore ISI from $117.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price objective would indicate a potential upside of 13.74% from the company's previous close.

A number of other equities research analysts also recently commented on BJ. UBS Group lowered their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Monday. Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Friday, August 15th. Wall Street Zen downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Roth Capital reissued a "neutral" rating and set a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Finally, Robert W. Baird boosted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus price target of $113.18.

BJ's Wholesale Club Trading Down 0.5%

Shares of NYSE:BJ traded down $0.46 during midday trading on Monday, reaching $96.71. The company's stock had a trading volume of 1,991,861 shares, compared to its average volume of 2,719,220. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.59 and a beta of 0.43. 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 1 year low of $76.33 and a 1 year high of $121.10. The business has a 50 day moving average price of $106.18 and a 200 day moving average price of $109.75.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Friday, August 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.49 billion. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Research analysts forecast that BJ's Wholesale Club will post 3.96 EPS for the current 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 stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the transaction, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,061 shares of company stock worth $15,027,745. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BJ. IFP Advisors Inc increased its holdings in BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock valued at $58,000 after buying an additional 92 shares during the last quarter. Fulton Bank N.A. increased its holdings in 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 buying an additional 98 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in 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 buying an additional 100 shares during the last quarter. State of Michigan Retirement System increased its holdings in 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 buying an additional 100 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of BJ's Wholesale Club by 4.3% during 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 during 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.