Jefferies analyst Corey Tarlowe maintained a Buy rating on Bj’s Wholesale Club Holdings today and set a price target of $125.00.
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Corey Tarlowe has given his Buy rating due to a combination of factors that highlight BJ’s Wholesale Club Holdings’ strong performance and growth potential. The company exceeded earnings expectations in the second quarter, driven by robust digital and membership growth. Although comparable sales were slightly below expectations, BJ’s management increased their full-year earnings guidance, indicating confidence in future performance.
Moreover, BJ’s is well-positioned to expand its market share, particularly in the grocery sector, due to its competitive pricing and expansive total addressable market. The company’s digital initiatives and private-label expansion are expected to attract new customers and support profitable growth. Additionally, BJ’s demonstrated solid core comparable sales and margin expansion, alongside disciplined real estate and inventory management, which further supports the positive outlook.
In another report released today, D.A. Davidson also reiterated a Buy rating on the stock with a $123.00 price target.