Oliver Chen, an analyst from TD Cowen, reiterated the Buy rating on Bj’s Wholesale Club Holdings. The associated price target was lowered to $108.00.
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Oliver Chen has given his Buy rating due to a combination of factors including the promising expansion strategy and technological advancements at BJ’s Wholesale Club Holdings. Despite a slight miss in comparable sales expectations, the company has shown strong performance with new store openings and a significant increase in membership numbers, which are 25% ahead of plan. The use of technology and artificial intelligence in inventory management is also a positive indicator for future growth.
Furthermore, BJ’s has a robust plan for opening new clubs, with a target of 14 new locations this year and 25-30 over the next two years, which outpaces its competitors. The company has also raised its earnings guidance for FY26, reflecting confidence in its growth trajectory. The club model remains strong with a high membership renewal rate, and the stock is considered undervalued relative to its growth potential, making it an attractive investment opportunity.
In another report released on November 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $104.00 price target.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BJ in relation to earlier this year.