BJ’s Wholesale Club Holdings Inc (BJ) stock hits $84.48: Is it a good time to buy or wait for a dip?

BJ’s Wholesale Club Holdings Inc [BJ] stock prices are up 2.42% to $84.48 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BJ shares have gain 2.97% over the last week, with a monthly amount glided 5.65%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

BJ’s Wholesale Club Holdings Inc [NYSE: BJ] stock has seen the most recent analyst activity on August 26, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $78 from $76. Previously, Wells Fargo upgraded its rating to Overweight on August 23, 2024, and elevated its price target to $92. On May 23, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $90 on the stock. Loop Capital downgraded its rating to a Hold and decreased its price target to $80 on April 18, 2024. Goldman upgraded its rating to a Buy and raised its price target to $87 on April 08, 2024. Gordon Haskett downgraded its rating to Hold for this stock on February 07, 2024, but kept the price target unchanged to $70. In a note dated January 04, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $73 to $70.

The stock price of BJ’s Wholesale Club Holdings Inc [BJ] has been fluctuating between $63.08 and $92.37 over the past year. Currently, Wall Street analysts expect the stock to reach $71.64 within the next 12 months. BJ’s Wholesale Club Holdings Inc [NYSE: BJ] shares were valued at $84.48 at the most recent close of the market. An investor can expect a potential drop of -15.2% based on the average BJ price forecast.

Analyzing the BJ fundamentals

The BJ’s Wholesale Club Holdings Inc [NYSE:BJ] reported sales of 20.41B for trailing twelve months, representing a surge of 4.87%. 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 0.36 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.

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 82.65 points at the first support level, and at 80.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.49, and for the 2nd resistance point, it is at 86.51.

Ratios To Look Out For

It’s worth pointing out that BJ’s Wholesale Club Holdings Inc [NYSE:BJ]’s Current Ratio is 0.76. On the other hand, the Quick Ratio is 0.15, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 6.78 and price to earnings (TTM) ratio is 21.32.

Transactions by insiders

Recent insider trading involved Werner William C., Officer, that happened on Oct 01 ’24 when 891.0 shares were purchased. Director, Ortega Steven L completed a deal on Sep 16 ’24 to buy 2455.0 shares. Meanwhile, President & CEO Eddy Robert W. sold 11000.0 shares on Sep 03 ’24.

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