BJ’s Wholesale Club (NYSE:BJ) Updates FY 2024 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.750-4.000 for the period, compared to the consensus earnings per share estimate of 3.930. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its FY25 guidance to $3.75-4.00 EPS.

Analyst Ratings Changes

BJ has been the subject of several research reports. Bank of America cut 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 note on Friday. Robert W. Baird upped their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an outperform rating in a report on Friday, May 24th. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a neutral rating in a research note on Friday. Gordon Haskett raised BJ’s Wholesale Club from a hold rating to a buy rating and set a $90.00 price target for the company in a research note on Thursday, May 23rd. Finally, UBS Group upped their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a buy rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $85.93.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $82.77 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 stock has a fifty day moving average of $87.52 and a 200 day moving average of $80.49. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.12 and a beta of 0.23. BJ’s Wholesale Club has a 52 week low of $63.08 and a 52 week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share 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 the consensus estimate 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 EPS. As a group, research analysts expect that BJ’s Wholesale Club will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other BJ’s Wholesale Club news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,544 shares of company stock worth $7,237,084. 2.00% of the stock is currently owned by company insiders.

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.