Jefferies analyst Corey Tarlowe maintains $BJ's Wholesale Club Holdings (BJ.US)$ with a buy rating, and adjusts the target price from $98 to $105.
According to TipRanks data, the analyst has a success rate of 67.3% and a total average return of 17.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $BJ's Wholesale Club Holdings (BJ.US)$'s main analysts recently are as follows:
Sentiment towards BJ's Wholesale has seen variations throughout the year according to investor discussions. For the upcoming third-quarter financial disclosures from the discount retail sector, a solid performance is anticipated from the company. The analyst's earnings per share estimate has been modestly increased to be slightly above the consensus, reflecting an anticipation of improved gross margins.
Anticipation of BJ's Wholesale's fiscal Q3 results has led to a negative tactical trading stance, with expectations of a potential decline in its share value due to risks associated with SG&A deleverage in Q3. Additionally, there is caution regarding the company's outlook on consumer spending and margins for Q4. Predictions indicate that comp growth may fall short of market expectations at 1.4% compared to 1.9%, with projected EPS slightly below consensus. Forecasts for Q4 comp growth and EPS also remain under market expectations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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