UBS Group Issues Pessimistic Forecast for BJ's Wholesale Club (NYSE:BJ) Stock Price

Key Points

• UBS Group has reduced its price target for BJ's Wholesale Club from $135.00 to $125.00, while maintaining a "buy" rating, indicating a potential upside of 28.84% from the current price.
• Despite UBS's pessimistic forecast, other brokerages like Robert W. Baird and Wells Fargo have raised their price targets for BJ's Wholesale Club, with ratings ranging from "outperform" to "overweight."
• BJ's Wholesale Club reported earnings of $1.14 per share, surpassing analysts' estimates, but its revenue fell short of expectations at $5.38 billion.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its price objective decreased by equities research analysts at UBS Group from $135.00 to $125.00 in a report released on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 28.84% from the stock's current price.

A number of other brokerages have also recently weighed in on BJ. Robert W. Baird lifted 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. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Evercore ISI lifted their price target on shares of BJ's Wholesale Club from $115.00 to $117.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Morgan Stanley lowered 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 research note on Monday. Finally, Loop Capital reiterated a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Ten equities research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $114.65.

BJ's Wholesale Club Price Performance

NYSE:BJ traded down $0.0930 during mid-day trading on Monday, hitting $97.0170. The company's stock had a trading volume of 313,549 shares, compared to its average volume of 1,896,028. BJ's Wholesale Club has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. 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 $12.81 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 2.69 and a beta of 0.43. The stock has a fifty day moving average of $107.17 and a 200-day moving average of $110.06.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates 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 was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. As a group, equities analysts forecast that BJ's Wholesale Club will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In related news, EVP Paul Cichocki sold 58,436 shares of the company'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. This represents a 33.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Ortega purchased 1,740 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director owned 8,641 shares in the company, valued at $990,258.60. The trade was a 25.21% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 138,061 shares of company stock worth $15,027,745 in the last ninety days. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BJ. Bank of New York Mellon Corp grew its stake in BJ's Wholesale Club by 199.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after buying an additional 1,989,980 shares during the last quarter. Bessemer Group Inc. boosted its holdings in BJ's Wholesale Club by 65.9% in the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after purchasing an additional 1,662,415 shares during the period. Norges Bank bought a new stake in BJ's Wholesale Club in the 2nd quarter valued at about $178,952,000. Select Equity Group L.P. lifted its holdings in shares of BJ's Wholesale Club by 1,230.1% during the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock worth $198,458,000 after acquiring an additional 1,608,571 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of BJ's Wholesale Club by 449.6% during the 1st quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company's stock worth $128,477,000 after acquiring an additional 921,139 shares during the period. 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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