William Blair analyst Phillip Blee has maintained their bullish stance on BJ stock, giving a Buy rating on February 18.
Phillip Blee has given his Buy rating due to a combination of factors that highlight BJ’s Wholesale Club Holdings’ strong performance and positive outlook. The company reported fourth-quarter results that exceeded expectations, with notable growth in membership fees and comparable sales driven by increased customer traffic. Additionally, BJ’s achieved an adjusted EBITDA margin that surpassed consensus estimates, indicating efficient cost management and profitability.
Furthermore, the company’s adjusted earnings per share also outperformed market predictions, showcasing its financial strength. BJ’s Wholesale Club Holdings has provided a full-year guidance for comparable sales and adjusted EPS that aligns with or exceeds market expectations, suggesting continued growth and stability. These factors collectively support Phillip Blee’s optimistic view and Buy rating for the stock.
In another report released on February 18, Jefferies also maintained a Buy rating on the stock with a $122.00 price target.
Based on the recent corporate insider activity of 64 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.