BJ’s Wholesale Club (NYSE:BJ) Releases FY24 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $3.80-3.92 for the period, compared to the consensus EPS estimate of $3.85.

BJ’s Wholesale Club Trading Down 5.1 %

Shares of BJ opened at $67.76 on Friday. BJ’s Wholesale Club has a twelve month low of $60.33 and a twelve month high of $78.88. The stock has a market capitalization of $9.06 billion, a P/E ratio of 18.22, a PEG ratio of 3.16 and a beta of 0.37. The company has a quick ratio of 0.12, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $69.79 and a two-hundred day simple moving average of $67.30.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the company earned $1.06 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that BJ’s Wholesale Club will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BJ. Bank of America reduced their price objective on BJ’s Wholesale Club from $85.00 to $80.00 and set a buy rating for the company in a research report on Wednesday, August 23rd. UBS Group reduced their price objective on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a buy rating on the stock in a research report on Wednesday, August 23rd. The Goldman Sachs Group downgraded shares of BJ’s Wholesale Club from a buy rating to a neutral rating and decreased their price target for the company from $75.00 to $73.00 in a research note on Tuesday, October 17th. TD Cowen initiated coverage on BJ’s Wholesale Club in a research note on Thursday, September 14th. They set an outperform rating and a $80.00 target price on the stock. Finally, Loop Capital decreased their price objective on BJ’s Wholesale Club from $85.00 to $80.00 and set a buy rating for the company in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $72.00.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 3,799 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $70.65, for a total value of $268,399.35. Following the transaction, the executive vice president now directly owns 31,081 shares in the company, valued at $2,195,872.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Jeff Desroches sold 33,934 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $68.88, for a total transaction of $2,337,373.92. Following the sale, the executive vice president now owns 80,882 shares in the company, valued at approximately $5,571,152.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William C. Werner sold 3,799 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $70.65, for a total transaction of $268,399.35. Following the completion of the transaction, the executive vice president now owns 31,081 shares of the company’s stock, valued at $2,195,872.65. The disclosure for this sale can be found here. Insiders sold a total of 118,653 shares of company stock worth $8,306,084 in the last three months. Insiders own 2.20% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Large investors have recently made changes to their positions in the company. Fortis Capital Advisors LLC bought a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at approximately $46,000. Point72 Hong Kong Ltd bought a new position in BJ’s Wholesale Club in the first quarter worth about $50,000. CENTRAL TRUST Co bought a new position in shares of BJ’s Wholesale Club in the 3rd quarter worth about $70,000. State of Wyoming grew its stake in shares of BJ’s Wholesale Club by 107.1% in the fourth quarter. State of Wyoming now owns 1,860 shares of the company’s stock worth $123,000 after acquiring an additional 962 shares during the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the first quarter valued at approximately $141,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.