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 3.900-4.000 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.

BJ’s Wholesale Club Price Performance

BJ opened at $96.74 on Friday. The firm has a market cap of $12.83 billion, a P/E ratio of 23.25, a PEG ratio of 4.43 and a beta of 0.24. The firm has a 50-day moving average of $85.83 and a 200 day moving average of $85.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club has a fifty-two week low of $63.73 and a fifty-two week high of $97.53.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BJ. Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Bank of America dropped 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 report on Friday, August 23rd. UBS Group increased their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Finally, TD Cowen increased their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 over the last three months. 2.00% of the stock is owned by insiders.

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.