BJ's Wholesale Club - BJ Stock Forecast, Price & News

BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app. As of June 10, 2022, it operated 229 warehouse clubs and 160 gas locations in 17 states. The company was formerly known as Beacon Holding Inc. and changed its name to BJ's Wholesale Club Holdings, Inc. in February 2018. BJ's Wholesale Club Holdings, Inc. was founded in 1984 and is headquartered in Westborough, Massachusetts.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BJ shares. Robert W. Baird reaffirmed an "outperform" rating and issued a $70.00 target price on shares of BJ's Wholesale Club in a report on Monday, May 23rd. JPMorgan Chase & Co. upped their target price on shares of BJ's Wholesale Club from $57.00 to $58.00 and gave the company an "underweight" rating in a report on Tuesday, August 9th. Jefferies Financial Group upped their target price on shares of BJ's Wholesale Club from $69.00 to $72.00 in a report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of BJ's Wholesale Club from $74.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, August 11th. Finally, Citigroup increased their price target on shares of BJ's Wholesale Club from $58.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, May 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $67.20.

BJ's Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $69.11 on Tuesday. The stock has a market capitalization of $9.34 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.27 and a beta of 0.46. The firm's 50-day moving average price is $65.79 and its two-hundred day moving average price is $64.17. BJ's Wholesale Club has a 52-week low of $50.39 and a 52-week high of $74.09. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 1.04.

BJ's Wholesale Club (NYSE:BJ - Get Rating) last issued its quarterly earnings results on Thursday, May 19th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.24 billion. BJ's Wholesale Club had a return on equity of 77.13% and a net margin of 2.65%. The company's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. As a group, sell-side analysts forecast that BJ's Wholesale Club will post 3.37 earnings per share for the current year.

Insider Transactions at BJ's Wholesale Club

In related news, EVP Jeff Desroches sold 15,000 shares of the business's stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $66.58, for a total value of $998,700.00. Following the sale, the executive vice president now directly owns 93,597 shares in the company, valued at approximately $6,231,688.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP William C. Werner sold 20,000 shares of the company's stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $64.54, for a total value of $1,290,800.00. Following the transaction, the executive vice president now directly owns 37,361 shares of the company's stock, valued at $2,411,278.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeff Desroches sold 15,000 shares of the company's stock in a transaction on Friday, July 8th. The stock was sold at an average price of $66.58, for a total transaction of $998,700.00. Following the completion of the transaction, the executive vice president now directly owns 93,597 shares in the company, valued at $6,231,688.26. The disclosure for this sale can be found here. In the last three months, insiders sold 46,639 shares of company stock valued at $2,981,849. Company insiders own 2.10% of the company's stock.