All articles tagged with #bjs wholesale club
BJ's Wholesale Club is set to increase its membership fees for the first time since 2018, with the basic plan rising by $5 to $60 and the Club+ plan by $10 to $120, effective January 1, 2025. The company aims to use the additional revenue to enhance its value proposition for its 7.5 million members. This move follows similar fee hikes by competitors Costco and Sam's Club in recent years.
BJ's Wholesale Club will increase its membership fees for the first time in seven years starting January 1, 2024, with standard memberships rising to $60 and premium Club+ memberships to $120. The company aims to enhance its value proposition for members, following a similar move by competitor Costco. BJ's reported $339.49 million in membership fee income over the first three quarters of the year, with membership fees comprising 2.1% of its total third-quarter revenues.
Top Wall Street analysts are bullish on Amazon, Acushnet Holdings, and BJ's Wholesale Club for their long-term growth prospects. Mizuho analyst James Lee is optimistic about Amazon's cloud computing unit, Amazon Web Services, and reaffirmed a buy rating with a price target of $230. Tigress Financial analyst Ivan Feinseth increased the price target for Acushnet Holdings to $74, citing favorable trends in the golf industry and the company's strong brand equity. Goldman Sachs analyst Kate McShane upgraded BJ's Wholesale Club to buy from hold and increased the price target to $87, expecting increased market share and improving industry trends to drive strong revenue growth.
Kroger's stock moves up after beating Q4 earnings estimates and reaffirming commitment to defending its merger with Albertsons against FTC pushback, while BJ's Wholesale Club also sees stock gains despite missing revenue expectations, as both companies aim to compete with wholesale clubs and navigate an inflationary environment. Costco is expected to report similar trends in traffic and ticket growth, with a focus on value for consumers amidst ongoing inflation.