BJ’s Wholesale Club (NYSE:BJ) Issues Q4 2024 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.780-0.880 for the period, compared to the consensus earnings per share estimate of 0.910. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.900-4.000 EPS.

BJ’s Wholesale Club Trading Up 4.3 %

Shares of NYSE BJ opened at $96.74 on Friday. BJ’s Wholesale Club has a twelve month low of $63.73 and a twelve month high of $97.53. The firm has a market cap of $12.83 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 4.43 and a beta of 0.24. The business has a fifty day simple moving average of $85.83 and a two-hundred day simple moving average of $85.40. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that BJ’s Wholesale Club will post 3.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BJ. TD Cowen upped their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley upped their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday. UBS Group increased their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday. Roth Mkm boosted their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group raised their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.50.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock worth $2,818,390 in the last three months. Corporate 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.