TD Cowen Begins Coverage on BJ’s Wholesale Club (NYSE:BJ)

TD Cowen initiated coverage on shares of BJ’s Wholesale Club (NYSE:BJ) in a research note issued to investors on Friday, Zacks reports. The firm set a “strong-buy” rating on the stock.

BJ has been the topic of several other research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BJ’s Wholesale Club in a report on Friday, August 14th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Wednesday, July 29th. DA Davidson set a $108.00 price objective on BJ’s Wholesale Club in a report on Thursday, October 8th. Finally, Wall Street Zen cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average price target of $106.06.

BJ’s Wholesale Club Trading Up 1.7%

Shares of BJ’s Wholesale Club stock opened at $107.20 on Friday. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 3.09 and a beta of 0.17. BJ’s Wholesale Club has a 52-week low of $83.21 and a 52-week high of $108.09. The company’s 50-day simple moving average is $96.49 and its 200-day simple moving average is $94.51. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, August 21st. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, equities research analysts anticipate that BJ’s Wholesale Club will post 4.70 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Laura Felice sold 8,452 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $104.95, for a total transaction of $887,037.40. Following the sale, the executive vice president owned 84,416 shares of the company’s stock, valued at approximately $8,859,459.20. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP William C. Werner sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $95.00, for a total transaction of $285,000.00. Following the transaction, the executive vice president owned 50,160 shares in the company, valued at $4,765,200. The trade was a 5.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 218,436 shares of company stock worth $22,238,536 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in BJ’s Wholesale Club in the 2nd quarter valued at approximately $1,087,503,000. Wellington Management Group LLP boosted its position in BJ’s Wholesale Club by 15.4% during the second quarter. Wellington Management Group LLP now owns 3,282,291 shares of the company’s stock worth $286,281,000 after purchasing an additional 436,827 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in BJ’s Wholesale Club during the second quarter worth $179,649,000. Bank of America Corp DE acquired a new stake in BJ’s Wholesale Club in the second quarter valued at $108,684,000. Finally, Amundi grew its holdings in BJ’s Wholesale Club by 31.7% in the second quarter. Amundi now owns 1,122,060 shares of the company’s stock valued at $97,866,000 after purchasing an additional 270,253 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Trending Headlines about BJ’s Wholesale Club

Here are the key news stories impacting BJ’s Wholesale Club this week:

• Positive Sentiment: Texas expansion continues: BJ’s will open its fifth Texas club in Mesquite on November 6. The new location broadens the company’s footprint and provides another avenue for membership, sales and market-share growth. BJ’s Wholesale Club in Mesquite, Texas, Set to Open November 6
• Positive Sentiment: Membership promotion could support customer growth: A heavily discounted annual membership, reportedly available for $10, may help BJ’s attract new members during the holiday and Black Friday shopping period. Increased membership penetration can support recurring fee revenue and store traffic, though the discount may reduce near-term membership revenue per new customer. BJ’s Membership Black Friday Deal
• Neutral Sentiment: Upcoming earnings catalyst: BJ’s announced that it will hold its fiscal third-quarter 2026 earnings conference call on a later scheduled date. The announcement contained no new financial results, so investors are likely awaiting the report for updates on comparable sales, membership trends, margins and full-year guidance. BJ’s Wholesale Club Announces Third Quarter Fiscal 2026 Earnings Conference Call Date
• Negative Sentiment: Potential development opposition in Branford: Residents raised concerns about a proposed BJ’s development in Branford, Connecticut. Opposition could create permitting delays, added costs or uncertainty for that individual project, although it does not appear to affect the company’s broader expansion plans. Branford Officials Hear From Residents on Proposed BJ’s Development

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc operates membership-based warehouse clubs in the United States. The company sells a wide selection of groceries, fresh foods, household essentials, electronics, furniture, appliances, apparel, health and beauty products, and other general merchandise. Its business model is built around offering products in bulk and at discounted prices to members.

BJ’s also operates gas stations at many of its warehouse clubs and provides services such as optical centers, tire centers, home improvement services, and online grocery fulfillment in select locations.