BJs Wholesale Club (NYSE:BJ) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.22-1.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23. The company issued revenue guidance of $12.65-12.75 billion, compared to the consensus revenue estimate of $12.99 billion.

Shares of BJ stock traded down $0.24 on Tuesday, hitting $19.83. The company had a trading volume of 2,128,619 shares, compared to its average volume of 1,653,202. BJs Wholesale Club has a twelve month low of $19.31 and a twelve month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Tuesday, August 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.28 billion. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. As a group, equities research analysts expect that BJs Wholesale Club will post 0.9 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on BJ shares. Zacks Investment Research raised BJs Wholesale Club from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Tuesday, October 23rd. Citigroup started coverage on BJs Wholesale Club in a report on Tuesday, October 2nd. They issued a buy rating and a $31.00 price objective for the company. Robert W. Baird started coverage on BJs Wholesale Club in a report on Monday, July 23rd. They issued an outperform rating and a $30.00 price objective for the company. Loop Capital boosted their price objective on BJs Wholesale Club to $35.00 and gave the company a buy rating in a report on Wednesday, September 5th. Finally, Goldman Sachs Group initiated coverage on BJs Wholesale Club in a report on Monday, July 23rd. They issued a neutral rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $29.92.

In other BJs Wholesale Club news, SVP Graham Luce sold 31,523 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $790,912.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Baldwin sold 302,668 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total value of $7,593,940.12. The disclosure for this sale can be found here. Insiders sold a total of 15,430,535 shares of company stock valued at $400,833,662 in the last ninety days.

A hedge fund recently bought a new stake in BJs Wholesale Club stock. Bank of New York Mellon Corp bought a new stake in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,590 shares of the company’s stock, valued at approximately $298,000. 71.94% of the stock is owned by institutional investors and hedge funds.

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About BJs Wholesale Club

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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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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