Bj's Wholesale Club Holdings (BJ)
NYSE:BJ
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Bj's Wholesale Club Holdings
(NYSE:BJ)
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Rating:61Neutral
Price Target:
$91.00
▼(-1.16% Downside)
Action:Reiterated
Date:05/23/26
The score is primarily supported by solid operating performance and constructive earnings-call guidance (membership growth, digital acceleration, and new-club traction). Offsetting this are weaker financial-quality elements (free cash flow volatility and remaining leverage) and notably bearish technical signals with the stock trading below key moving averages.
Positive Factors
Membership Recurring Revenue
Sustained membership growth and higher‑tier penetration create a predictable, recurring revenue stream that supports BJ’s low‑price, high‑volume model. Reliable membership fees smooth earnings, fund investments and defend margins versus competitors over the medium term.
Negative Factors
Free Cash Flow Volatility
Weak and uneven free cash flow constrains flexibility: it limits the ability to self‑fund growth, support buybacks or absorb margin shocks. Persistent FCF volatility raises refinancing and capital allocation risk if cost inflation or working‑capital swings persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Membership Recurring Revenue
Sustained membership growth and higher‑tier penetration create a predictable, recurring revenue stream that supports BJ’s low‑price, high‑volume model. Reliable membership fees smooth earnings, fund investments and defend margins versus competitors over the medium term.
Read all positive factors
Bj's Wholesale Club Holdings Key Performance Indicators (KPIs)
Any
Revenue by Type
Categorizes revenue streams, offering a view of the company's diverse income sources and identifying which areas drive growth or present risks.
Categorizes revenue streams, offering a view of the company's diverse income sources and identifying which areas drive growth or present risks.
Data provided by:
The Fly
The FlyBj's Wholesale Club Holdings (BJ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.84B
Dividend YieldN/A
Average Volume (3M)1.96M
Price to Earnings (P/E)21.1
Beta (1Y)-0.09
Revenue Growth5.92%
EPS Growth0.80%
CountryUS
Employees33,000
SectorConsumer Defensive
Sector Strength42
IndustryDiscount Stores
Share Statistics
EPS (TTM)4.38
Shares Outstanding127,692,430
10 Day Avg. Volume2,457,382
30 Day Avg. Volume1,956,121
Financial Highlights & Ratios
PEG Ratio2.29
Price to Book (P/B)5.52
Price to Sales (P/S)0.57
P/FCF Ratio36.64
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue0.63
Enterprise Value/Gross Profit3.42
Enterprise Value/Ebitda12.15
Forecast
1Y Price Target
$104.69Price Target Upside13.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)4.52
Revenue Forecast (FY)$23.36B
Bj's Wholesale Club Holdings Business Overview & Revenue Model
Company Description
BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its product...
How the Company Makes Money
BJ’s primarily makes money through (1) membership fee revenue and (2) merchandise and services sales through its clubs and digital channels. Membership fees (e.g., paid annual memberships and higher-tier offerings) generate recurring revenue that ...
Bj's Wholesale Club Holdings Earnings Call Summary
Earnings Call Date:May 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: robust top-line growth (~10% sales increase), double-digit membership fee growth (~10%), significant digital acceleration (+28%), gasoline volume and share gains, successful new-market openings (Texas ahead of plan), and maintained full-year guidance. Offsetting these strengths are margin pressures (merch margins down ~10 bps; excluding tariff benefits down ~60 bps), a decline in adjusted EPS due to a prior-year tax benefit, fuel-price volatility impacting member behavior and potential inflationary cost pressures, and concentration of sales growth among higher-income members. On balance, the company is executing growth initiatives while investing in member value, but near-term margin and consumer-segmentation risks were highlighted.Positive Updates
Revenue Growth
Net sales increased nearly 10% year-over-year to $5.5 billion; total comparable club sales rose 6.3% while merchandise comparable sales excluding gasoline increased 1.5%.
Negative Updates
Merchandise Margin Pressure
Merchandise gross margin decreased ~10 basis points year-over-year; excluding tariff refund benefits, merchandise margins were down ~60 basis points, reflecting price investments and cost pressures.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Net sales increased nearly 10% year-over-year to $5.5 billion; total comparable club sales rose 6.3% while merchandise comparable sales excluding gasoline increased 1.5%.
Read all positive updates
Company Guidance
BJ’s reiterated its full‑year outlook, with comparable club sales excluding gasoline expected to grow 2–3% and adjusted EPS of $4.40–$4.60, noting that “everything we know today” is built into the outlook. The call anchored that guidance to Q1 results — net sales nearly +10% to ~$5.5B, total comparable club sales +6.3% (merchandise comps ex‑gas +1.5%), 2‑year stacked comps healthy, adjusted EBITDA +~4% to $298M and adjusted EPS $1.10 — and to membership strength (membership fee income +~10% to $132M, total members at an all‑time high). Margins: merchandise gross margin down ~10 bps (ex‑tariff benefits down ~60 bps; tariff benefit ~50 bps or ~ $20M), SG&A ~$806M; inventory +6.5% YoY (inventory per club +2.8%). Fuel volumes were strong (comparable gallons nearly +8%; comp gallon growth >10% in March/April) and April pump spend was +$143M (≈3.5% merchandise comp equivalent). Management cautioned that tariff, fuel and freight moves could affect cadence and that membership fee growth may moderate as they lap last year’s fee increase.Bj's Wholesale Club Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.97B | 21.46B | 20.50B | 19.97B | 19.32B | 16.67B |
| Gross Profit | 4.06B | 4.00B | 3.76B | 3.64B | 3.43B | 3.08B |
| EBITDA | 1.14B | 1.13B | 1.03B | 1.03B | 933.26M | 788.68M |
| Net Income | 571.34M | 578.38M | 534.42M | 523.74M | 513.18M | 426.65M |
Balance Sheet | ||||||
| Total Assets | 7.93B | 7.51B | 7.07B | 6.68B | 6.35B | 5.67B |
| Cash, Cash Equivalents and Short-Term Investments | 27.83M | 46.24M | 28.27M | 36.05M | 33.91M | 45.44M |
| Total Debt | 2.86B | 2.61B | 2.84B | 2.98B | 3.12B | 2.96B |
| Total Liabilities | 5.42B | 5.31B | 5.22B | 5.22B | 5.30B | 5.02B |
| Stockholders Equity | 2.51B | 2.20B | 1.85B | 1.46B | 1.05B | 648.11M |
Cash Flow | ||||||
| Free Cash Flow | 227.35M | 331.00M | 312.89M | 251.81M | 417.63M | 527.14M |
| Operating Cash Flow | 961.92M | 1.03B | 900.87M | 718.88M | 788.16M | 831.65M |
| Investing Cash Flow | -744.69M | -702.34M | -589.57M | -454.76M | -747.06M | -304.51M |
| Financing Cash Flow | -228.89M | -309.74M | -319.08M | -261.98M | -52.63M | -525.23M |
Bj's Wholesale Club Holdings Technical Analysis
Negative
92.07
Price Trends
94.36
Negative
95.28
Negative
94.81
Negative
Market Momentum
-1.62
Positive
30.43
Neutral
6.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BJ, the sentiment is Negative. The current price of 92.07 is below the 20-day moving average (MA) of 92.91, below the 50-day MA of 94.36, and below the 200-day MA of 94.81, indicating a bearish trend. The MACD of -1.62 indicates Positive momentum. The RSI at 30.43 is Neutral, neither overbought nor oversold. The STOCH value of 6.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BJ.
Bj's Wholesale Club Holdings Risk Analysis
Bj's Wholesale Club Holdings disclosed 51 risk factors in its most recent earnings report. Bj's Wholesale Club Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bj's Wholesale Club Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $444.95B | 55.55 | 28.81% | 0.59% | 8.40% | 12.18% | |
70 Outperform | $945.12B | 46.52 | 24.26% | 0.85% | 5.87% | 21.68% | |
70 Outperform | $4.91B | 19.75 | 13.30% | ― | 16.62% | 20.49% | |
64 Neutral | $18.25B | 18.87 | 34.83% | ― | -29.62% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $10.84B | 21.07 | 25.45% | ― | 5.92% | 0.80% | |
56 Neutral | $22.82B | 20.87 | 18.66% | 1.88% | 5.20% | 34.26% |
* Consumer Defensive Sector Average
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Bj's Wholesale Club Holdings
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.