BJ's Wholesale (BJ) PT Raised to $90 at Jefferies

August 19, 2022 8:17 AM EDT
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Price: $71.32 -1.29%

Rating Summary:
    16 Buy, 9 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 30 | New: 23
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Jefferies analyst Stephanie Wissink raised the price target on BJ's Wholesale (NYSE: BJ) to $90.00 (from $85.00) while maintaining a Buy rating following the Q2 beat.

The analyst commented, "2Q results demonstrate the strength of value in the current environment, as comps (ex. fuel) of +7.6% and adj. EPS of $1.06 well outpaced cons. of +4.2% and $0.80. We believe BJ's defensive nature (high mix of consumables as a % of sales) and attractive customer value proposition position the company well for ongoing share gains ahead. Coupled with a membership model that drives predictable sales and profits, we see the share price moving higher. PT to $90."

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