Wall Street predicts BJ’s Wholesale Club Holdings Inc (BJ) stock to drop by -16.5%

A share price of BJ’s Wholesale Club Holdings Inc [BJ] is currently trading at $76.53, up 0.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BJ shares have gain 2.53% over the last week, with a monthly amount drifted -2.98%, and not seem to be holding up well over a long-time horizon.

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On 27, March 2024, BJ’s Wholesale Club Continues Expansion, Announcing Five New Clubs in the Southeast and Midwest. In a post published today on Yahoo Finance, Plans include new markets of Knoxville and Myrtle Beach.

From an analyst’s perspective:

BJ’s Wholesale Club Holdings Inc [NYSE: BJ] stock has seen the most recent analyst activity on April 08, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $87 from $81. Previously, Gordon Haskett downgraded its rating to Hold on February 07, 2024, and kept the price target unchanged to $70. On January 04, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $70 on the stock. Gordon Haskett upgraded its rating to a Buy. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $71 on November 06, 2023. Goldman downgraded its rating to Neutral for this stock on October 17, 2023, and downed its price target to $73. In a note dated September 14, 2023, TD Cowen initiated an Outperform rating and provided a target price of $80 on this stock.

BJ’s Wholesale Club Holdings Inc experienced fluctuations in its stock price throughout the past year between $60.33 and $78.97. Currently, Wall Street analysts expect the stock to reach $63.9 within the next 12 months. BJ’s Wholesale Club Holdings Inc [NYSE: BJ] shares were valued at $76.53 at the most recent close of the market. An investor can expect a potential drop of -16.5% based on the average BJ price forecast.

Analyzing the BJ fundamentals

Trailing Twelve Months sales for BJ’s Wholesale Club Holdings Inc [NYSE:BJ] were 19.97B which represents 8.68% growth. 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 0.08, Equity is 0.4 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.

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 75.83 points at the first support level, and at 75.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.47, and for the 2nd resistance point, it is at 78.40.

BJ’s Wholesale Club Holdings Inc [BJ] reported earnings per share of $1.11 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.06/share, meaning a difference of $0.05 and a surprise factor of 4.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.98 per share as compared to estimates of $0.95 per share, a difference of $0.03 representing a surprise of 3.20%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for BJ’s Wholesale Club Holdings Inc [NYSE:BJ] is 0.73. Further, the Quick Ratio stands at 0.14, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 6.96 and price to earnings (TTM) ratio is 19.74.

Transactions by insiders

Recent insider trading involved Baldwin Christopher J, Director, that happened on Mar 11 ’24 when 73062.0 shares were sold. EVP, Strategy & Development, Werner William C. completed a deal on Mar 07 ’24 to sell 25000.0 shares. Meanwhile, EVP, Secretary Luce Graham sold 7479.0 shares on Mar 07 ’24.

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