Qualcomm upgrade, BJ's Wholesale initiation among top calls on Wall Street » 10:0707/1907/19/21
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Argus starts BJ's Wholesale at Hold, sees near-term headwinds » 08:2307/1907/19/21
As previously reported,…
As previously reported, Argus analyst Christopher Graja initiated coverage of BJ's Wholesale with a Hold rating. The analyst notes that the company faces near-term headwinds, including inflationary pressures, the limited availability of general merchandise, and reduced at-home food consumption as the pandemic eases. Graja adds however that he would consider rating the stock at Buy if the share price fell back to $42 following a 28% rally this year.
BJ's Wholesale initiated with a Hold at Argus » 07:3107/1907/19/21
Argus analyst Christopher…
Argus analyst Christopher Graja initiated coverage of BJ's Wholesale with a Hold rating.
|Over a month ago|
BJ's Wholesale Club adds new delayed payment option with Citizens Pay » 06:3206/0306/03/21
BJ's Wholesale now…
BJ's Wholesale now offers Citizens Pay, a buy-now-pay-later payment option that allows members to finance purchases over $99. The new payment option is available for purchases made on BJs.com for delivery and with buy online, pick up in-club and curbside pickup.
BJ's Wholesale price target raised to $41 from $39 at MKM Partners » 09:0605/2505/25/21
MKM Partners analyst Bill…
MKM Partners analyst Bill Kirk raised the firm's price target on BJ's Wholesale to $41 from $39 but keeps a Neutral rating on the shares. The analyst cites the company's Q1 earnings beat with comps up 22% on a two-year basis, but also warns that the surprise to the quarter looks stimulus-related while noting that the management's forward commentary suggests that comps will decelerate from here. Kirk adds that that BJ's gross margins are expected to be pressured with some inflation not making it to the end consumer.
BJ's Wholesale price target raised to $54 from $47 at Baird » 06:4805/2105/21/21
Baird analyst Peter…
Baird analyst Peter Benedict raised the firm's price target on BJ's Wholesale to $54 from $47 and keeps an Outperform rating on the shares. The analyst said better than expected results were countered by tepid forward merchandise comp commentary resulting in a pullback in the shares. He said new member retention and member trends were very encouraging and sensed a hint of conservatism in the guidance.
BJ's Wholesale price target raised to $55 from $50 at Loop Capital » 06:2105/2105/21/21
Loop Capital analyst…
Loop Capital analyst Laura Champine raised the firm's price target on BJ's Wholesale to $55 from $50 and keeps a Buy rating on the shares after its better than expected Q1 results. The new members that BJ's has gained will drive income growth in the recovery from the pandemic as they renew at a higher rate than past cohorts, the analyst tells investors in a research note. Champine adds that she expects BJ's to benefit from a new, annuitized income stream as consumers take advantage of the company's value proposition.
BJ's Wholesale price target raised to $50 from $44 at Citi » 06:1705/2105/21/21
Citi analyst Paul Lejuez…
Citi analyst Paul Lejuez raised the firm's price target on BJ's Wholesale to $50 from $44 and keeps a Neutral rating on the shares following the "solid" quarter. However, the slowdown in membership fee income was weaker than expectations with the total number of members up a little less than 1% sequentially, Lejuez tells investors in a research note.
BJ's earnings selloff a buying opportunity, says Wells Fargo » 14:3205/2005/20/21
Wells Fargo analyst…
Wells Fargo analyst Edward Kelly recommends using today's post-earnings selloff in shares of BJ's Wholesale Club as a buying opportunity. The analyst keeps an Overweight rating on BJ's with a $270 price target. The stock is selling off on "tepid guidance around the COVID upwind" this year, but the outlook will prove to be conservative, Kelly tells investors in a research note. While stimulus bolstered sales in Q1 after a below plan February, the results overall demonstrated that the company continued to "harvest benefits from the pandemic," says the analyst.
BJ's Wholesale to open six new clubs in 2021 » 10:3105/2005/20/21
BJ's Wholesale Club…
BJ's Wholesale Club announced it is expanding its footprint by opening six new clubs this fiscal year. Its newest clubs will be located in Seabrook, N.H., Port Charlotte, Fla., Commack, N.Y., South Fayette, Pa., Ross Township, Pa. and Lansing, Mich. The locations in the greater Pittsburgh area and in Lansing, Mich. are both new markets for the retailer. Additionally, the new clubs in Port Charlotte, Fla., South Fayette, Pa., Ross Township, Pa. and Lansing, Mich.