BJ’s Wholesale Club (NYSE:BJ) Releases 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 (EPS) guidance of $0.78-0.88 for the period, compared to the consensus estimate of $0.97. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.900-4.000 EPS.

BJ’s Wholesale Club Stock Up 4.3 %

BJ’s Wholesale Club stock opened at $96.74 on Friday. The stock has a market capitalization 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. BJ’s Wholesale Club has a 12 month low of $63.73 and a 12 month high of $97.53. The business has a 50 day simple moving average of $85.83 and a 200-day simple moving average of $85.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.15.

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

Analyst Ratings Changes

Several analysts recently commented on BJ shares. Bank of America dropped their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Melius Research started coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. 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, Morgan Stanley boosted their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $36,413,830. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Over 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.