JPMorgan Chase & Co. Issues Pessimistic Forecast for BJ's Wholesale Club (NYSE:BJ) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its target price for BJ's Wholesale Club from $113.00 to $110.00, maintaining a "neutral" rating on the stock.
• Various analysts have issued mixed ratings and targets for BJ's Wholesale Club, with some indicating a potential upside while others suggest a cautious outlook.
• CEO Robert W. Eddy and EVP Paul Cichocki have recently sold significant shares of BJ's stock, indicating a possible lack of confidence in the company’s near-term performance.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $113.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 14.67% from the company's current price.

BJ has been the topic of a number of other research reports. DA Davidson dropped their price target on shares of BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating on the stock in a research note on Monday. Loop Capital reaffirmed a "hold" rating and set a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Robert W. Baird upped their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley cut their price objective on BJ's Wholesale Club from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $113.88.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock traded down $1.18 during mid-day trading on Monday, hitting $95.93. The company had a trading volume of 916,752 shares, compared to its average volume of 1,897,250. The company has a current ratio of 0.79, a quick ratio of 0.17 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.69 and a beta of 0.43. The company's fifty day moving average is $107.17 and its 200-day moving average is $110.06. BJ's Wholesale Club has a 12-month low of $76.33 and a 12-month high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted 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. BJ's Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The firm had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same period in the previous year, the business posted $1.09 EPS. The business's revenue was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Equities research analysts predict that BJ's Wholesale Club will post 3.96 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on 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 transaction, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $6,432,634.88. Following the transaction, the executive vice president directly owned 114,127 shares in the company, valued at approximately $12,563,100.16. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,061 shares of company stock worth $15,027,745. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of BJ's Wholesale Club

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in BJ's Wholesale Club in the second quarter valued at approximately $26,000. REAP Financial Group LLC increased its position in shares of BJ's Wholesale Club by 152.5% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company's stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in BJ's Wholesale Club in the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC acquired a new position in BJ's Wholesale Club in the second quarter valued at about $35,000. Finally, HM Payson & Co. purchased a new position in BJ's Wholesale Club during the first quarter worth about $41,000. Institutional investors and hedge funds own 98.60% of the company's stock.

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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