BJs Wholesale Club (NYSE:BJ) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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BJs Wholesale Club (NYSE:BJ) announced its quarterly earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02, Morningstar.com reports. BJs Wholesale Club had a net margin of 1.59% and a negative return on equity of 102.69%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. BJs Wholesale Club updated its FY 2019 guidance to $1.42-1.50 EPS.

BJ stock opened at $25.03 on Friday. The company has a market capitalization of $3.67 billion, a P/E ratio of 17.73, a PEG ratio of 1.61 and a beta of 1.55. The company has a 50-day simple moving average of $23.71 and a 200 day simple moving average of $25.70. BJs Wholesale Club has a fifty-two week low of $19.31 and a fifty-two week high of $32.92.

Several equities analysts have recently issued reports on BJ shares. Morgan Stanley boosted their price target on shares of BJs Wholesale Club from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday. Deutsche Bank boosted their price target on shares of BJs Wholesale Club from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday. ValuEngine raised shares of BJs Wholesale Club from a “sell” rating to a “hold” rating in a report on Thursday. UBS Group boosted their price target on shares of BJs Wholesale Club from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday. Finally, Zacks Investment Research downgraded shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.91.

In related news, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $24.53, for a total value of $214,637,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Baldwin sold 30,147 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $24.73, for a total transaction of $745,535.31. The disclosure for this sale can be found here. Insiders sold 9,045,786 shares of company stock valued at $222,215,737 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new stake in BJs Wholesale Club in the 2nd quarter valued at about $45,000. Aperio Group LLC acquired a new stake in BJs Wholesale Club in the 2nd quarter valued at about $58,000. Acadian Asset Management LLC acquired a new stake in BJs Wholesale Club in the 2nd quarter valued at about $87,000. Oppenheimer Asset Management Inc. lifted its holdings in BJs Wholesale Club by 18.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,889 shares of the company’s stock valued at $107,000 after acquiring an additional 606 shares during the last quarter. Finally, Quantamental Technologies LLC lifted its holdings in BJs Wholesale Club by 4,303.0% in the 2nd quarter. Quantamental Technologies LLC now owns 4,403 shares of the company’s stock valued at $116,000 after acquiring an additional 4,303 shares during the last quarter. 98.74% of the stock is owned by institutional investors and hedge funds.

About BJs Wholesale Club

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Earnings History for BJs Wholesale Club (NYSE:BJ)

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