On Nov 22, major Wall Street analysts update their ratings for $BJ's Wholesale Club Holdings (BJ.US)$, with price targets ranging from $98 to $110.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and adjusts the target price from $90 to $98.
Goldman Sachs analyst Kate McShane upgrades to a buy rating, and adjusts the target price from $93 to $102.
UBS analyst Mark Carden maintains with a buy rating, and adjusts the target price from $102 to $108.
Wells Fargo analyst Edward Kelly maintains with a buy rating, and maintains the target price at $100.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and adjusts the target price from $105 to $110.
Furthermore, according to the comprehensive report, the opinions of $BJ's Wholesale Club Holdings (BJ.US)$'s main analysts recently are as follows:
BJ's Wholesale demonstrated several positives in their third quarter earnings results, notably with core same-store sales surpassing expectations and robust member engagement. Although the decision not to adjust earnings for a one-time legal settlement might optically challenge high single to low double-digit earnings growth in the upcoming year, the long-term financial goals for fiscal 2025 are still considered achievable on an underlying basis.
BJ's Wholesale exhibited a strong Q3 performance, which appears to contrast with its relatively conservative Q4 margin guidance. Analysts are optimistic about the company's continued momentum in membership and the recent fee increase. Additionally, new club openings, digital growth, and the Fresh 2.0 initiatives are anticipated to necessitate additional labor, which may constrain margin expansion.
Improvements in margins, fee increases, and associated reinvestment opportunities in club growth, alongside successful digital initiatives and various merchandise enhancements, are posited as promising drivers for growth.
The firm attributes its adjustment to BJ's Wholesale's announcement about its first membership fee increase in seven years. Additionally, consumer stock-up behavior due to recent major storms, where BJ's has approximately 3% of its total stores, contributed a 1% increase to its core Same Store Sales (SSS) in Q3. Even excluding this lift, the core comp growth of 3.8% exceeded expectations by approximately 80 basis points.
While there were some irregularities in BJ's Wholesale's third-quarter headline results, the underlying performance exceeded expectations. Additionally, critical membership Key Performance Indicators (KPIs) remain consistent with those of leading industry peers like Costco.
Here are the latest investment ratings and price targets for $BJ's Wholesale Club Holdings (BJ.US)$ from 9 analysts:
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美东时间11月22日，多家华尔街大行更新了$BJ批发俱乐部 (BJ.US)$的评级，目标价介于98美元至110美元。
摩根士丹利分析师Simeon Gutman维持持有评级，并将目标价从90美元上调至98美元。
高盛集团分析师Kate McShane上调至买入评级，并将目标价从93美元上调至102美元。
瑞士银行分析师Mark Carden维持买入评级，并将目标价从102美元上调至108美元。
富国集团分析师Edward Kelly维持买入评级，维持目标价100美元。
富瑞集团分析师Corey Tarlowe维持买入评级，并将目标价从105美元上调至110美元。
此外，综合报道，$BJ批发俱乐部 (BJ.US)$近期主要分析师观点如下：
好市多批发在第三季度业绩报告中表现出几个积极因素，尤其是核心同店销售超出预期，并且会员参与活动旺盛。虽然决定不调整因为一次性法律和解而产生的收益在未来一年可能挑战高个位数到低两位数的收益增长，在基础基础上，到2025财年的长期财务目标仍被认为可实现。
好市多批发展现出强劲的第三季度表现，与其相对保守的第四季度边际指引形成对比。分析师对公司在会员制度和最近费用增加方面持续势头持乐观态度。此外，新店开张、数字增长和Fresh 2.0倡议预计需要额外劳动力，这可能会限制利润率的扩张。
对边际、费用增加以及会所增长相关再投资机会的改善，与成功的数字倡议和各种商品增强措施一起，被认为是促进增长的有希望的推动因素。
公司将其对好市多批发关于七年来首次会员费上涨的调整归因于其对外宣布。此外，由于最近的大风暴引起消费者囤货行为，其中好市多约有3%的门店，导致第三季度核心同店销售(SSS)增长1%。即使不考虑这一增长，约3.8%的核心销售增长超出了预期约80个基点。
尽管好市多在第三季度的一些主要结果中存在一些不规律性，但基础表现超出了预期。此外，关键会员关键绩效指标(KPI)与像好市多这样的领先行业同行一致。
以下为今日9位分析师对$BJ批发俱乐部 (BJ.US)$的最新投资评级及目标价：
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