Analysts predict that BJs Wholesale Club Holdings Inc (NYSE:BJ) will report earnings of $0.41 per share for the current quarter, according to Zacks. Five analysts have made estimates for BJs Wholesale Club’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.43. BJs Wholesale Club reported earnings per share of $0.44 in the same quarter last year, which would suggest a negative year over year growth rate of 6.8%. The company is scheduled to issue its next earnings report on Wednesday, March 4th.
According to Zacks, analysts expect that BJs Wholesale Club will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.45 to $1.49. For the next fiscal year, analysts expect that the business will report earnings of $1.63 per share, with EPS estimates ranging from $1.55 to $1.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow BJs Wholesale Club.
BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. BJs Wholesale Club had a net margin of 1.60% and a negative return on equity of 137.06%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. BJs Wholesale Club’s revenue was up .1% on a year-over-year basis.
Several analysts have recently issued reports on the stock. Jefferies Financial Group set a $34.00 target price on shares of BJs Wholesale Club and gave the company a “buy” rating in a research report on Friday, August 23rd. William Blair reiterated a “buy” rating on shares of BJs Wholesale Club in a research report on Friday, November 22nd. Zacks Investment Research cut BJs Wholesale Club from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. ValuEngine upgraded BJs Wholesale Club from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group raised their price objective on BJs Wholesale Club from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.36.
In other news, EVP Brian Poulliot sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $23.70, for a total value of $237,000.00. Following the sale, the executive vice president now directly owns 117,092 shares in the company, valued at $2,775,080.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher J. Baldwin sold 30,149 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $25.16, for a total value of $758,548.84. Insiders sold a total of 3,474,785 shares of company stock valued at $89,499,478 in the last 90 days. Company insiders own 17.70% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP lifted its position in shares of BJs Wholesale Club by 0.8% during the 1st quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock valued at $3,157,000 after acquiring an additional 955 shares during the period. First Quadrant L P CA acquired a new position in shares of BJs Wholesale Club during the 2nd quarter valued at $268,000. Quantitative Systematic Strategies LLC acquired a new position in shares of BJs Wholesale Club during the 2nd quarter valued at $755,000. ARP Americas LP acquired a new position in shares of BJs Wholesale Club during the 2nd quarter valued at $251,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of BJs Wholesale Club by 42.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,205 shares of the company’s stock valued at $745,000 after acquiring an additional 8,455 shares during the period.
Shares of NYSE:BJ traded down $0.17 on Wednesday, reaching $23.72. The company’s stock had a trading volume of 1,525,693 shares, compared to its average volume of 1,945,262. The company has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $25.15. BJs Wholesale Club has a 52-week low of $19.67 and a 52-week high of $29.41. The company has a market cap of $3.25 billion, a P/E ratio of 20.81, a PEG ratio of 1.40 and a beta of 1.32.
BJs Wholesale Club Company Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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