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

BJ’s Wholesale Club (NYSE:BJ) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.900-4.000 for the period, compared to the consensus earnings per share estimate of 3.840. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its Q4 guidance to $0.78-0.88 EPS.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen boosted their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Morgan Stanley boosted their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Bank of America reduced their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

BJ’s Wholesale Club Stock Performance

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

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

Insider Buying and Selling

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