BJ’s Wholesale Club (NYSE:BJ) Updates Q4 2024 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJGet Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.780-0.880 for the period, compared to the consensus earnings per share estimate of 0.910. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.900-4.000 EPS.

Analyst Ratings Changes

Several research firms have commented on BJ. Jefferies Financial Group upped their price objective on shares of 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 price target on shares of 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. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Roth Mkm increased their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Melius Research started coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $90.07.

View Our Latest Analysis on BJ’s Wholesale Club

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $90.25 on Thursday. The firm has a market cap of $11.97 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 4.19 and a beta of 0.24. The company’s fifty day simple moving average is $85.29 and its two-hundred day simple moving average is $85.15. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club has a 12-month low of $63.73 and a 12-month high of $92.37.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the business earned $0.97 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that BJ’s Wholesale Club will post 3.84 EPS for the current year.

Insiders Place Their Bets

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

BJ’s Wholesale Club Company Profile

(Get Free Report)

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.

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

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