BJ’s Wholesale Club (NYSE:BJ) Issues Earnings Results, Beats Estimates By $0.02 EPS

BJ’s Wholesale Club (NYSE:BJ) announced its earnings results on Thursday. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02, Briefing.com reports. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. BJ’s Wholesale Club updated its FY25 guidance to $3.75-4.00 EPS.

BJ’s Wholesale Club Trading Up 5.9 %

Shares of NYSE BJ opened at $88.14 on Friday. The business has a 50 day simple moving average of $76.94 and a 200 day simple moving average of $70.84. BJ’s Wholesale Club has a 52 week low of $60.33 and a 52 week high of $88.35. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.49 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays boosted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday. Evercore ISI upped their price objective on BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an “in-line” rating in a report on Friday. DA Davidson lifted their target price on BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Finally, UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Hold” and an average price target of $81.18.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the sale, the chief executive officer now owns 500,792 shares in the company, valued at approximately $38,410,746.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,840 shares of company stock valued at $7,408,605. 2.00% of the stock is currently owned by corporate insiders.

About BJ’s Wholesale Club

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.