BJ’s Wholesale Club (BJ) Scheduled to Post Earnings on Thursday

BJ’s Wholesale Club (NYSE:BJ) is scheduled to release its quarterly earnings data before the market opens on Thursday, November 21st. Analysts expect BJ’s Wholesale Club to post earnings of $0.89 per share for the quarter. BJ’s Wholesale Club has set its FY25 guidance at $3.75-4.00 EPS and its FY 2024 guidance at 3.750-4.000 EPS.Investors interested in participating in the company’s conference call can do so using this link.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the previous year, the business earned $0.97 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect BJ’s Wholesale Club to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $86.78 on Tuesday. The firm has a 50-day moving average of $84.98 and a two-hundred day moving average of $85.06. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 3.19 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 0.24. BJ’s Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 26th. The shares were 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 in the last quarter. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BJ shares. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Roth Mkm raised their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Jefferies Financial Group lifted their target price on BJ’s Wholesale Club from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Bank of America dropped their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.94.

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.