BJ’s Wholesale Club (NYSE:BJ) Releases FY25 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.75-4.00 for the period, compared to the consensus earnings per share estimate of $3.95. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.750-4.000 EPS.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $81.66 on Friday. 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 company has a market capitalization of $10.84 billion, a PE ratio of 21.21, a PEG ratio of 3.12 and a beta of 0.23. The stock’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 twelve month low of $63.08 and a twelve month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, equities analysts anticipate that BJ’s Wholesale Club will post 3.91 EPS for the current year.

Analysts Set New Price Targets

BJ has been the subject of several research analyst reports. DA Davidson raised their price target on shares of 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. TD Cowen upped their price target on BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a buy rating in a research report on Friday, May 24th. Gordon Haskett upgraded BJ’s Wholesale Club from a hold rating to a buy rating and set a $90.00 price objective on the stock in a research note on Thursday, May 23rd. Robert W. Baird increased their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an outperform rating in a research report on Friday, May 24th. Finally, Barclays boosted their price target on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an equal weight rating in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of Hold and a consensus price target of $84.13.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the sale, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction on Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the sale, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the transaction, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,544 shares of company stock valued at $7,237,084. Company 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.