BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $90.00 at JPMorgan Chase & Co.

BJ’s Wholesale Club (NYSE:BJ) had its target price lowered by JPMorgan Chase & Co. from $100.00 to $90.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley lowered their target price on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Melius Research cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Friday, January 23rd. The Goldman Sachs Group lowered their target price on shares of BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. William Blair reaffirmed a “mixed” rating on shares of BJ’s Wholesale Club in a report on Thursday, March 5th. Finally, Jefferies Financial Group cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their target price for the stock from $120.00 to $90.00 in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club has an average rating of “Hold” and an average price target of $107.38.

BJ’s Wholesale Club Trading Up 0.4%

Shares of BJ’s Wholesale Club stock opened at $96.32 on Friday. The firm has a 50-day moving average of $95.26 and a 200-day moving average of $94.30. The stock has a market cap of $12.30 billion, a PE ratio of 21.99, a PEG ratio of 3.32 and a beta of 0.27. BJ’s Wholesale Club has a 52-week low of $86.68 and a 52-week high of $120.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.75.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.54 billion. BJ’s Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. BJ’s Wholesale Club’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts forecast that BJ’s Wholesale Club will post 4.52 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 8,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total value of $728,160.00. Following the transaction, the chief executive officer directly owned 306,330 shares of the company’s stock, valued at $27,882,156.60. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 2,050 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total transaction of $186,939.50. Following the completion of the transaction, the senior vice president directly owned 14,769 shares in the company, valued at $1,346,785.11. This trade represents a 12.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BJ. BOK Financial Private Wealth Inc. bought a new position in BJ’s Wholesale Club in the fourth quarter valued at approximately $25,000. Strive Financial Group LLC bought a new position in BJ’s Wholesale Club in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its stake in BJ’s Wholesale Club by 147.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the last quarter. Eastern Bank bought a new position in BJ’s Wholesale Club in the third quarter valued at approximately $29,000. Finally, Root Financial Partners LLC bought a new position in BJ’s Wholesale Club in the third quarter valued at approximately $29,000. 98.60% of the stock is owned by institutional investors.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.