BJ’s Wholesale Club (NYSE:BJ) Issues FY 2024 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.900-4.000 for the period, compared to the consensus EPS estimate of 3.840. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its Q4 2024 guidance to 0.780-0.880 EPS.

Analysts Set New Price Targets

A number of brokerages recently commented on BJ. Bank of America decreased their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group increased 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. Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Melius Research started coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Roth Mkm upped their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.07.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $85.63 on Thursday. BJ’s Wholesale Club has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market cap 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 business’s 50 day moving average price is $85.29 and its 200 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 analysts’ consensus estimates 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 analyst estimates of $5.15 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that BJ’s Wholesale Club will post 3.84 earnings per share for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 6.87 % 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 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.