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

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BJ. Bank of America cut their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm increased their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $95.00 to $105.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.07.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $85.63 on Thursday. The firm has a market capitalization of $11.35 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.19 and a beta of 0.24. The stock has a 50 day moving average price of $85.29 and a two-hundred day moving average price of $85.15. BJ’s Wholesale Club has a 52 week low of $63.08 and a 52 week high of $92.37. 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 (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS 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 business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that BJ’s Wholesale Club will post 3.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, September 3rd. The shares were 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 trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 in the last quarter. 2.00% of the stock is owned by company 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.