BJ’s Wholesale Club (NYSE:BJ) Issues Q4 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.78-0.88 for the period, compared to the consensus estimate of $0.97. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.900-4.000 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BJ shares. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Roth Mkm increased their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Melius Research began coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company boosted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Bank of America lowered their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.07.

BJ’s Wholesale Club Trading Down 0.8 %

Shares of BJ stock opened at $85.63 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The company has a market cap of $11.35 billion, a PE ratio of 21.62, a P/E/G ratio of 4.19 and a beta of 0.24. The stock’s fifty day moving average price is $85.29 and its two-hundred day moving average price is $85.15.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that BJ’s Wholesale Club will post 3.84 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.