BJ’s Wholesale Club Holdings Inc [BJ] stock prices are up 9.33% to $78.88 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BJ shares have gain 8.00% over the last week, with a monthly amount glided 19.81%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, BJ’s Wholesale Club to Bring Unbeatable Value to Kentucky with Club Planned for Louisville. In a post published today on Yahoo Finance, Kentucky marks the retailer’s 21st state.
From an analyst’s perspective:
BJ’s Wholesale Club Holdings Inc [NYSE: BJ] stock has seen the most recent analyst activity on February 07, 2024, when Gordon Haskett downgraded its rating to a Hold but kept the price target unchanged to $70 for it. Previously, Wells Fargo downgraded its rating to Equal Weight on January 04, 2024, and dropped its price target to $70. On November 10, 2023, upgrade upgraded it’s rating to Buy. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $71 on November 06, 2023. Goldman downgraded its rating to a Neutral and reduced its price target to $73 on October 17, 2023. TD Cowen started tracking with a Outperform rating for this stock on September 14, 2023, and assigned it a price target of $80. In a note dated February 08, 2023, Barclays initiated an Equal Weight rating and provided a target price of $72 on this stock.
The stock price of BJ’s Wholesale Club Holdings Inc [BJ] has been fluctuating between $60.33 and $78.88 over the past year. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. BJ’s Wholesale Club Holdings Inc [NYSE: BJ] shares were valued at $78.88 at the most recent close of the market. An investor can expect a potential drop of -20.13% based on the average BJ price forecast.
Analyzing the BJ fundamentals
The BJ’s Wholesale Club Holdings Inc [NYSE:BJ] reported sales of 19.97B for trailing twelve months, representing a surge of 8.68%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 14.08, Equity is 0.55 and Total Capital is 21.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.66 points at the first support level, and at 70.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.03, and for the 2nd resistance point, it is at 83.19.
BJ’s Wholesale Club Holdings Inc [BJ] reported earnings per share of $0.98 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.95/share, meaning a difference of $0.03 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.97 per share as compared to estimates of $0.9 per share, a difference of $0.07 representing a surprise of 7.80%.
Ratios To Look Out For
It’s worth pointing out that BJ’s Wholesale Club Holdings Inc [NYSE:BJ]’s Current Ratio is 0.73. As well, the Quick Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 7.78 and price to earnings (TTM) ratio is 20.37.
Transactions by insiders
Recent insider trading involved Cichocki Paul, EVP, Chief Commercial Officer, that happened on Feb 28 ’24 when 0.18 million shares were sold. EVP, Chief Financial Officer, Felice Laura L. completed a deal on Feb 27 ’24 to sell 18941.0 shares. Meanwhile, EVP, Chief Financial Officer Felice Laura L. sold 200.0 shares on Feb 26 ’24.
