Wells Fargo Keeps Their Hold Rating on Bj’s Wholesale Club Holdings (BJ)

Wells Fargo analyst Edward Kelly maintained a Hold rating on Bj’s Wholesale Club Holdings (BJ – Research Report) today and set a price target of $75.00. The company’s shares closed yesterday at $77.74.

Kelly covers the Consumer Defensive sector, focusing on stocks such as Kroger Company, Target, and Walmart. According to TipRanks, Kelly has an average return of 9.2% and a 62.54% success rate on recommended stocks.

Currently, the analyst consensus on Bj’s Wholesale Club Holdings is a Moderate Buy with an average price target of $84.17, which is an 8.27% upside from current levels. In a report released today, Citi also maintained a Hold rating on the stock with a $79.00 price target.

Based on Bj’s Wholesale Club Holdings’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $5.36 billion and a net profit of $145.87 million. In comparison, last year the company earned a revenue of $4.93 billion and had a net profit of $129.78 million

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BJ in relation to earlier this year. Most recently, in March 2024, Graham Luce, the EVP, Secretary of BJ sold 7,479.00 shares for a total of $582,941.40.

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Bj’s Wholesale Club Holdings (BJ) Company Description:

BJ’s Wholesale Club Holdings, Inc. engages in the operation of warehouse club. The company was founded on June 24, 2011 and is headquartered in Westborough, MA.