Wall Street Stays Selectively Positive on BJ's Wholesale Club Holdings, Inc. (BJ)

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is among the consumer defensive stocks to buy according to analysts. As of December 12, BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has a ‘Buy’ or equivalent rating from slightly more than half the analysts covering the stock. While the target price ranges from $90 to $139, the median price target of $115 reflects an upside potential of 23.44%. Among the 40% analysts recommending holding the stock is Chris Graja, an analyst at Argus Research, who maintained the ‘Hold’ rating on BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) on December 5.

Earlier on November 21, BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) reported its third-quarter results, delivering revenue in line with the estimates and earnings $0.06 above guidance. Overall, the company demonstrated resilience in a challenging retail environment, with net sales up 4.8% year over year. With a focus on value and digital innovation, the company remains committed to driving consumer engagement.

Keeping this performance in mind, several analysts revised their outlook. On November 24, TheFly reported that UBS cut BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) to $120 from $125, with an unchanged ‘Buy’ rating. Similarly, Baird reduced the company’s price target to $115 from $130 and kept an ‘Outperform’ rating. According to TheFly, the firm “updated its model following Q3 results.”

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is a Massachusetts-based company operating membership warehouse clubs in the eastern United States. Founded in 1984, the company offers its products through its clubs, the BJs.com website, and its mobile app.

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