BJ’s Wholesale Club (NYSE:BJ) Given New $100.00 Price Target at Morgan Stanley

BJ’s Wholesale Club (NYSE:BJ) had its price objective reduced by equities research analysts at Morgan Stanley from $105.00 to $100.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 3.81% from the company’s current price.

Several other equities analysts also recently commented on BJ. Evercore ISI upped their price objective on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the company an “in-line” rating in a report on Monday, November 24th. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a report on Monday, December 29th. Robert W. Baird reduced their price objective on BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, DA Davidson reiterated a “buy” rating and set a $123.00 target price on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.29.

BJ’s Wholesale Club Stock Performance

NYSE:BJ traded up $0.40 during mid-day trading on Thursday, hitting $96.33. The stock had a trading volume of 195,927 shares, compared to its average volume of 1,618,831. BJ’s Wholesale Club has a twelve month low of $86.68 and a twelve month high of $121.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.64 and a beta of 0.33. The company’s 50 day simple moving average is $91.85 and its 200 day simple moving average is $96.72.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, November 21st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2025 guidance at 4.300-4.400 EPS. On average, equities research analysts forecast that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the sale, the chief executive officer owned 296,735 shares in the company, valued at $26,620,096.85. This trade represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BJ. Wealthcare Advisory Partners LLC grew its position in BJ’s Wholesale Club by 2.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,170 shares of the company’s stock valued at $465,000 after purchasing an additional 129 shares during the period. Norden Group LLC raised its holdings in BJ’s Wholesale Club by 7.1% during the fourth quarter. Norden Group LLC now owns 7,402 shares of the company’s stock worth $666,000 after buying an additional 490 shares during the last quarter. Tilia Fiduciary Partners Inc. lifted its stake in shares of BJ’s Wholesale Club by 3.6% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 27,243 shares of the company’s stock valued at $2,453,000 after buying an additional 954 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of BJ’s Wholesale Club by 82.3% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,431 shares of the company’s stock valued at $399,000 after buying an additional 2,001 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in shares of BJ’s Wholesale Club by 13.8% during the fourth quarter. Congress Asset Management Co. now owns 344,146 shares of the company’s stock worth $30,983,000 after acquiring an additional 41,817 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

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.