The Goldman Sachs Group Has Lowered Expectations for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its price objective cut by equities research analysts at The Goldman Sachs Group from $139.00 to $123.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 28.45% from the stock’s current price.

BJ has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price target on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. TD Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. DA Davidson reissued a “buy” rating and set a $123.00 price target on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Jefferies Financial Group cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their price objective for the company from $120.00 to $90.00 in a research report on Wednesday, January 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $120.00 price objective on shares of BJ’s Wholesale Club in a research note on Friday, November 21st. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus target price of $107.63.

BJ’s Wholesale Club Price Performance

BJ opened at $95.76 on Monday. The company has a fifty day moving average price of $92.56 and a two-hundred day moving average price of $95.37. The firm has a market capitalization of $12.53 billion, a PE ratio of 22.06, a P/E/G ratio of 2.39 and a beta of 0.36. BJ’s Wholesale Club has a 52 week low of $86.68 and a 52 week 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.

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

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the transaction, the executive vice president owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BJ. Ethic Inc. grew its holdings in shares of BJ’s Wholesale Club by 1.4% in the 4th quarter. Ethic Inc. now owns 16,669 shares of the company’s stock valued at $1,501,000 after acquiring an additional 224 shares in the last quarter. International Assets Investment Management LLC raised its holdings in BJ’s Wholesale Club by 93.9% during the fourth quarter. International Assets Investment Management LLC now owns 4,772 shares of the company’s stock worth $430,000 after acquiring an additional 2,311 shares in the last quarter. Diversify Wealth Management LLC boosted its position in BJ’s Wholesale Club by 5.6% during the fourth quarter. Diversify Wealth Management LLC now owns 17,999 shares of the company’s stock valued at $1,717,000 after purchasing an additional 962 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in BJ’s Wholesale Club by 102.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,064 shares of the company’s stock valued at $636,000 after purchasing an additional 3,581 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in BJ’s Wholesale Club by 237.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 22,137 shares of the company’s stock valued at $1,993,000 after purchasing an additional 15,574 shares in the last quarter. 98.60% of the stock is currently 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.