Jefferies Financial Group Comments on BJ’s Wholesale Club Holdings, Inc.’s FY2023 Earnings (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) – Jefferies Financial Group increased their FY2023 earnings per share estimates for shares of BJ’s Wholesale Club in a note issued to investors on Thursday, November 17th. Jefferies Financial Group analyst C. Tarlowe now anticipates that the company will earn $3.80 per share for the year, up from their prior estimate of $3.60. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.80 per share. Jefferies Financial Group also issued estimates for BJ’s Wholesale Club’s Q4 2023 earnings at $0.88 EPS, Q1 2024 earnings at $0.81 EPS, Q2 2024 earnings at $1.03 EPS, Q3 2024 earnings at $1.02 EPS, Q4 2024 earnings at $0.89 EPS, FY2024 earnings at $3.75 EPS and FY2025 earnings at $4.15 EPS.

Several other brokerages also recently weighed in on BJ. The Goldman Sachs Group raised their target price on BJ’s Wholesale Club from $63.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 19th. Robert W. Baird raised their target price on BJ’s Wholesale Club from $77.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 19th. Bank of America upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $72.00 to $83.00 in a research note on Thursday, August 18th. Morgan Stanley lifted their price target on BJ’s Wholesale Club from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price target on BJ’s Wholesale Club from $64.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.38.

BJ’s Wholesale Club Stock Down 1.8 %

Shares of NYSE BJ opened at $72.69 on Monday. BJ’s Wholesale Club has a 12-month low of $51.45 and a 12-month high of $80.41. The company 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 current ratio of 0.72, a quick ratio of 0.17 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $74.90 and a 200 day moving average price of $68.95.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently modified their holdings of the business. Brandywine Oak Private Wealth LLC lifted its position in 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 worth $316,000 after acquiring an additional 500 shares during the last quarter. TIAA FSB acquired a new position in BJ’s Wholesale Club during the 2nd quarter worth $544,000. EverSource Wealth Advisors LLC acquired a new position in BJ’s Wholesale Club during the 2nd quarter worth $67,000. First Horizon Advisors Inc. lifted its position in BJ’s Wholesale Club by 94.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock worth $38,000 after acquiring an additional 307 shares during the last quarter. Finally, Citigroup Inc. lifted its position in BJ’s Wholesale Club by 48.0% during the 1st quarter. Citigroup Inc. now owns 218,396 shares of the company’s stock worth $14,765,000 after acquiring an additional 70,870 shares during the last quarter. Institutional investors and hedge funds own 98.26% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Scott Kessler sold 13,359 shares of BJ’s Wholesale Club stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $76.36, for a total transaction of $1,020,093.24. Following the completion of the sale, the executive vice president now owns 116,791 shares of the company’s stock, valued at approximately $8,918,160.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

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.

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

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