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

BJ’s Wholesale Club (NYSE:BJ) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.750-4.000 for the period, compared to the consensus estimate of 3.920. The company issued revenue guidance of -.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $88.14 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The business has a 50 day moving average price of $76.94 and a 200 day moving average price of $70.84. The company has a market capitalization of $11.71 billion, a P/E ratio of 22.89, a PEG ratio of 3.61 and a beta of 0.27. BJ’s Wholesale Club has a 1-year low of $60.33 and a 1-year high of $88.35.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. Sell-side analysts expect that BJ’s Wholesale Club will post 3.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BJ. Robert W. Baird raised their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an outperform rating in a research report on Friday. Evercore ISI lifted their price objective on BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an in-line rating in a research report on Friday. DA Davidson lifted their price objective on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a buy rating in a research report on Friday. UBS Group lifted their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a buy rating in a research report on Friday. Finally, Barclays lifted their price objective on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an equal weight rating in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of Hold and an average target price of $81.18.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock worth $7,408,605 over the last quarter. 2.00% of the stock is owned by corporate insiders.

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.