BJ’s Wholesale tops estimates for Q2 results, offers fiscal 2025 guidance; shares down

BJ's Wholesale (BJ) PT Lowered to $93 at Goldman Sachs

Goldman Sachs analyst Kate McShane lowered the price target on BJ's Wholesale (NYSE: BJ) to $93.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "BJ closed down -6.8% (vs. the S&P 500 at -0.9%) following its 2Q beat and revised FY24 guidance as the company balances top line strength and margin impacts... More

BJ's Wholesale (BJ) PT Lowered to $74 at Deutsche Bank

Deutsche Bank analyst Krisztina Katai lowered the price target on BJ's Wholesale (NYSE: BJ) to $74.00 (from $81.00) while maintaining a Hold rating.

The analyst comments "BJ delivered mixed 2Q results with SSS, MFI, and EPS upside overshadowed by tax and SG&A, coupled with greater investments weighing on profitability in 2H. On the one hand, the... More

BJ's Wholesale (BJ) PT Lowered to $90 at BofA Securities

BofA Securities analyst Robert Ohmes lowered the price target on BJ's Wholesale (NYSE: BJ) to $90.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "BJs reported F2Q adj. EPS of $1.09 (vs. our $1.01 est.) driven by strength in membership, comparable sales and... More

Wells Fargo Upgrades BJ's Wholesale (BJ) to Overweight

Wells Fargo analyst Edward Kelly upgraded BJ's Wholesale (NYSE: BJ) from Equal Weight to Overweight with a price target of $92.00 (from $75.00).

The analyst comments "We See a Comp Acceleration, Return to Algo in 2025: Comps are trending positively, and we expect momentum to continue. Key... More

BJ's Wholesale (BJ) PT Raised to $75 at Roth/MKM

Roth/MKM analyst Bill Kirk raised the price target on BJ's Wholesale (NYSE: BJ) to $75.00 (from $68.00) while maintaining a Neutral rating.

The analyst comments "While BJ's profitability faces some new headwinds, longer-term signals are very encouraging: 1) traffic is accelerating (4pp to comp from... More

DA Davidson Reiterates Buy Rating on BJ's Wholesale (BJ)

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $95.00 price target on BJ's Wholesale (NYSE: BJ).

The analyst comments "To us, the clear theme from BJs call was that the company had a really strong 2nd quarter and is reinvesting... More

Citi Reiterates Neutral Rating on BJ's Wholesale (BJ)

Citi analyst Paul Lejeuz reiterated a Neutral rating and $79.00 price target on BJ's Wholesale (NYSE: BJ).

The analyst comments "BJ reported strong 2Q comps of +2.4% ( vs FactSet cons +1.4% and our 1.0% est) and EPS of $1.08 vs cons $1.01 and our $1.03. Merch margin... More

JPMorgan on BJ's Wholesale (BJ): 'very mixed bag; expecting downside'

JPMorgan analyst Christopher Horvers reiterated an Underweight rating and $76.00 price target on BJ's Wholesale (NYSE: BJ)

The analyst comments "Our take: very mixed bag; expecting downside. 2Qs results are mixed with EPS, comp, and MFI upside somewhat overshadowed by tax, merch... More

BJ's Wholesale Club (BJ) Tops Q2 EPS by 8c

BJ's Wholesale Club (NYSE: BJ) reported Q2 EPS of $1.09, $0.08 better than the analyst estimate of $1.01. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $5.15 billion.

GUIDANCE:

BJ's Wholesale Club sees FY2025 EPS of $3.75-$4.00, versus the consensus of... More