BJ’s Wholesale Club (NYSE:BJ) Updates Q4 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.78-0.88 for the period, compared to the consensus earnings per share estimate of $0.97. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.900-4.000 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BJ shares. UBS Group increased their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley upped their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Melius Research started coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Finally, Jefferies Financial Group boosted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

BJ’s Wholesale Club Stock Up 4.3 %

Shares of NYSE:BJ opened at $96.75 on Friday. BJ’s Wholesale Club has a 1-year low of $63.73 and a 1-year high of $97.53. The company’s fifty day moving average is $85.83 and its two-hundred day moving average is $85.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 4.43 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ’s Wholesale Club’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. Equities analysts anticipate that BJ’s Wholesale Club will post 3.9 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. This represents a 2.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,000 shares of company stock valued at $2,818,390. Insiders own 2.00% of the company’s stock.

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.