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

BJ’s Wholesale Club (NYSE:BJ) updated its fourth quarter earnings guidance on Thursday. 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.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $92.50 on Friday. The company has a market capitalization of $12.26 billion, a P/E ratio of 23.36, a PEG ratio of 4.19 and a beta of 0.24. BJ’s Wholesale Club has a fifty-two week low of $63.73 and a fifty-two week high of $94.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a 50 day moving average price of $85.52 and a two-hundred day moving average price of $85.20.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Roth Mkm raised their target price on shares of 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. Jefferies Financial Group boosted their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Bank of America reduced 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average target price of $90.88.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s 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 sale, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. The trade was a 2.41 % 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

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.