Roth Capital raised the firm’s price target on BJ‘s Wholesale (BJ) to $106 from $101 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company’s results have been “remarkably steady”, showcasing strong renewal rates, higher-tier mix benefits, progress in general merchandise, improving fresh categories, increased private-label penetration, and accelerated new club opportunities, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BJ:
- BJ’s Wholesale price target raised to $140 from $130 at DA Davidson
- BJ’s Wholesale price target raised to $135 from $129 at UBS
- BJ’s Wholesale price target raised to $120 from $110 at Loop Capital
- BJ’s Wholesale price target raised to $130 from $125 at Baird
- BJ’s Wholesale price target raised to $127 from $125 at Wells Fargo