BJ’s Wholesale Club (NYSE:BJ) Stock Rating Upgraded by Gordon Haskett

BJ’s Wholesale Club (NYSE:BJ) was upgraded by investment analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $115.00 price objective on the stock. Gordon Haskett’s target price would indicate a potential upside of 18.31% from the stock’s current price.

A number of other brokerages also recently issued reports on BJ. Citigroup cut their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Bank of America initiated coverage on BJ’s Wholesale Club in a research note on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Wednesday, July 8th. UBS Group reaffirmed a “buy” rating and issued a $109.00 price objective on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lifted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $105.93.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $97.20 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.53 and a beta of 0.22. The firm’s fifty day moving average price is $89.19 and its 200 day moving average price is $93.55. BJ’s Wholesale Club has a 1-year low of $83.21 and a 1-year high of $110.92.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, May 22nd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. BJ’s Wholesale Club’s quarterly revenue was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts expect that BJ’s Wholesale Club will post 4.51 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Scott Schmadeke sold 16,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. The trade was a 44.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $25,000. Essential Partners LLC boosted its position in BJ’s Wholesale Club by 81.2% during the first 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. Parkside Financial Bank & Trust grew 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 period. Finally, Sunbelt Securities Inc. purchased a new stake in BJ’s Wholesale Club in the 3rd quarter worth approximately $34,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

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.