Analysts Expect BJs Wholesale Club Holdings Inc (BJ) Will Post Earnings of $0.25 Per Share

Brokerages expect BJs Wholesale Club Holdings Inc (NYSE:BJ) to announce earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for BJs Wholesale Club’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.27. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, May 23rd.

According to Zacks, analysts expect that BJs Wholesale Club will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.44 to $1.51. For the next fiscal year, analysts anticipate that the business will post earnings of $1.66 per share, with EPS estimates ranging from $1.59 to $1.74. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for BJs Wholesale Club.

BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.36 billion. BJs Wholesale Club’s quarterly revenue was down 4.2% compared to the same quarter last year.

Several analysts have recently weighed in on BJ shares. Wells Fargo & Co raised shares of BJs Wholesale Club from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $26.00 to $29.00 in a research note on Tuesday, January 22nd. Zacks Investment Research downgraded shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Barclays started coverage on shares of BJs Wholesale Club in a research note on Friday, February 1st. They set an “equal weight” rating for the company. Nomura decreased their price target on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Evercore ISI started coverage on shares of BJs Wholesale Club in a research note on Wednesday, March 20th. They set an “outperform” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. BJs Wholesale Club presently has a consensus rating of “Buy” and a consensus price target of $30.21.

In related news, EVP Robert W. Eddy sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $29.00, for a total value of $580,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Baldwin sold 48,622 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.24, for a total transaction of $1,275,841.28. The disclosure for this sale can be found here. Insiders sold 10,288,055 shares of company stock valued at $254,318,394 in the last three months. 17.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in BJs Wholesale Club by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,748,909 shares of the company’s stock worth $73,616,000 after purchasing an additional 725,143 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in BJs Wholesale Club by 1,415.3% in the third quarter. Bank of New York Mellon Corp now owns 190,777 shares of the company’s stock worth $5,109,000 after purchasing an additional 178,187 shares during the last quarter. Legal & General Group Plc grew its holdings in BJs Wholesale Club by 329.0% in the third quarter. Legal & General Group Plc now owns 85,793 shares of the company’s stock worth $2,298,000 after purchasing an additional 65,793 shares during the last quarter. Morgan Stanley grew its holdings in BJs Wholesale Club by 3,161.1% in the third quarter. Morgan Stanley now owns 285,414 shares of the company’s stock worth $7,643,000 after purchasing an additional 276,662 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in BJs Wholesale Club by 668.5% in the third quarter. Vanguard Group Inc. now owns 6,148,025 shares of the company’s stock worth $164,644,000 after purchasing an additional 5,348,025 shares during the last quarter. 82.78% of the stock is owned by institutional investors.

Shares of NYSE BJ opened at $26.35 on Monday. The stock has a market capitalization of $3.64 billion and a price-to-earnings ratio of 23.11. BJs Wholesale Club has a 1 year low of $19.31 and a 1 year high of $32.92.

BJs Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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