DA Davidson Issues Positive Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its price target upped by stock analysts at DA Davidson from $105.00 to $108.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 10.02% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 14th. William Blair lowered BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. The Goldman Sachs Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Finally, UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.53.

BJ’s Wholesale Club Trading Up 1.8%

Shares of NYSE BJ traded up $1.74 during midday trading on Monday, reaching $98.16. The company had a trading volume of 126,459 shares, compared to its average volume of 1,992,175. The stock has a market cap of $12.53 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 3.30 and a beta of 0.21. BJ’s Wholesale Club has a one year low of $83.21 and a one year high of $105.78. The firm’s fifty day moving average price is $91.50 and its 200-day moving average price is $93.78. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.19. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. The company’s revenue was up 15.7% 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 4.600-4.800 EPS. On average, equities research analysts anticipate that BJ’s Wholesale Club will post 4.68 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 73,016 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total value of $7,303,060.32. Following the completion of the transaction, the chief executive officer directly owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the company’s stock in a transaction that occurred on 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 directly owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in BJ’s Wholesale Club by 8,560.2% during the 2nd quarter. California State Teachers Retirement System now owns 13,116,580 shares of the company’s stock valued at $1,144,028,000 after buying an additional 12,965,121 shares in the last quarter. BlackRock Inc. bought a new position in BJ’s Wholesale Club in the 2nd quarter worth about $1,087,503,000. Victory Capital Management Inc. grew its stake in BJ’s Wholesale Club by 57.2% in the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after acquiring an additional 4,704,423 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of BJ’s Wholesale Club during the second quarter worth approximately $179,649,000. Finally, Norges Bank purchased a new position in shares of BJ’s Wholesale Club during the fourth quarter worth approximately $151,765,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

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.