JPMorgan Chase & Co. Forecasts Strong Price Appreciation for BJ’s Wholesale Club (NYSE:BJ) Stock

BJ’s Wholesale Club (NYSE:BJ) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $90.00 to $98.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.39% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and dropped their target price for the company from $120.00 to $90.00 in a research report on Wednesday, January 28th. William Blair reaffirmed a “mixed” rating on shares of BJ’s Wholesale Club in a research report on Thursday, March 5th. Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Bank of America initiated coverage on BJ’s Wholesale Club in a research report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 target price on the stock. Finally, DA Davidson increased their target price on BJ’s Wholesale Club from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club has an average rating of “Hold” and a consensus target price of $106.25.

BJ’s Wholesale Club Trading Down 2.8%

NYSE:BJ traded down $2.44 during midday trading on Tuesday, hitting $84.20. The stock had a trading volume of 1,751,667 shares, compared to its average volume of 1,967,854. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 3.17 and a beta of 0.27. The stock has a 50-day moving average of $94.82 and a 200 day moving average of $94.42. BJ’s Wholesale Club has a one year low of $83.90 and a one year high of $117.00.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.44 billion. BJ’s Wholesale Club had a return on equity of 27.55% and a net margin of 2.70%.The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. 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 Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 8,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.02, for a total transaction of $728,160.00. Following the completion of the sale, the chief executive officer owned 306,330 shares in the company, valued at approximately $27,882,156.60. This represents a 2.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Mcgrail sold 2,050 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.19, for a total value of $186,939.50. Following the sale, the senior vice president owned 14,769 shares of the company’s stock, valued at approximately $1,346,785.11. This represents a 12.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently made changes to their positions in BJ. BOK Financial Private Wealth Inc. purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $25,000. Strive Financial Group LLC purchased a new position in BJ’s Wholesale Club in the 4th quarter worth $25,000. Parkside Financial Bank & Trust raised its stake in BJ’s Wholesale Club by 147.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Root Financial Partners LLC purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth $29,000. Finally, Essential Partners LLC raised its stake in BJ’s Wholesale Club by 81.3% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.