BJ’s Wholesale Club (NYSE:BJ) Releases FY 2024 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.750-4.000 for the period, compared to the consensus earnings per share estimate of 3.930. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its FY25 guidance to $3.75-4.00 EPS.

BJ’s Wholesale Club Trading Down 6.6 %

Shares of BJ traded down $5.81 during mid-day trading on Thursday, hitting $81.81. 2,737,202 shares of the company’s stock traded hands, compared to its average volume of 1,490,864. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.86 billion, a P/E ratio of 20.91, a PEG ratio of 3.12 and a beta of 0.23. The business’s 50-day moving average price is $87.73 and its 200-day moving average price is $80.36. BJ’s Wholesale Club has a 1 year low of $63.08 and a 1 year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that BJ’s Wholesale Club will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on BJ. Bank of America boosted their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a buy rating in a research report on Friday, May 24th. Evercore ISI upped their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an in-line rating in a report on Thursday, June 20th. Loop Capital increased their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a hold rating in a research report on Thursday, July 11th. Robert W. Baird lifted their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an outperform rating in a research report on Friday, May 24th. Finally, DA Davidson upped their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a buy rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $83.06.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the transaction, the executive vice president now owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at $7,507,284. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,544 shares of company stock worth $7,237,084. 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.