BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) to Post FY2023 Earnings of $3.78 Per Share, William Blair Forecasts

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) – Equities researchers at William Blair raised their FY2023 earnings per share estimates for BJ’s Wholesale Club in a research note issued on Friday, November 18th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $3.78 for the year, up from their previous estimate of $3.57. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.80 per share. William Blair also issued estimates for BJ’s Wholesale Club’s Q4 2023 earnings at $0.86 EPS and FY2024 earnings at $3.60 EPS.

A number of other research analysts have also issued reports on BJ. The Goldman Sachs Group lifted their target price on BJ’s Wholesale Club from $63.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 19th. MKM Partners lifted their target price on BJ’s Wholesale Club from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on BJ’s Wholesale Club from $64.00 to $65.00 and gave the company an “underweight” rating in a report on Friday. Morgan Stanley lifted their target price on BJ’s Wholesale Club from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Citigroup lifted their target price on BJ’s Wholesale Club from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.38.

BJ’s Wholesale Club Trading Down 1.8 %

BJ opened at $72.69 on Monday. BJ’s Wholesale Club has a 52 week low of $51.45 and a 52 week high of $80.41. The business has a fifty day simple moving average of $74.90 and a 200-day simple moving average of $68.95. The firm has a market cap of $9.82 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.08 and a beta of 0.43. The company has a quick ratio of 0.17, a current ratio of 0.72 and a debt-to-equity ratio of 0.64.

BJ’s Wholesale Club (NYSE:BJGet Rating) last released its quarterly earnings results on Thursday, August 18th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. BJ’s Wholesale Club had a return on equity of 64.35% and a net margin of 2.62%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brandywine Oak Private Wealth LLC boosted its position in shares of BJ’s Wholesale Club by 10.9% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 5,077 shares of the company’s stock valued at $316,000 after acquiring an additional 500 shares in the last quarter. TIAA FSB acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $544,000. EverSource Wealth Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $67,000. First Horizon Advisors Inc. boosted its position in shares of BJ’s Wholesale Club by 94.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock valued at $38,000 after acquiring an additional 307 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of BJ’s Wholesale Club by 48.0% during the 1st quarter. Citigroup Inc. now owns 218,396 shares of the company’s stock valued at $14,765,000 after acquiring an additional 70,870 shares in the last quarter. 98.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Scott Kessler sold 13,359 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $76.36, for a total value of $1,020,093.24. Following the completion of the transaction, the executive vice president now owns 116,791 shares of the company’s stock, valued at approximately $8,918,160.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

BJ’s Wholesale Club Company Profile

(Get Rating)

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

Further Reading

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

Receive News & Ratings for BJ's Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.