What is Zacks Research’s Estimate for BJ FY2029 Earnings?

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) – Equities research analysts at Zacks Research issued their FY2029 earnings estimates for BJ’s Wholesale Club in a research note issued on Thursday, March 12th. Zacks Research analyst Team forecasts that the company will post earnings per share of $5.12 for the year. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.96 per share.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. BJ’s Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS.

Several other equities research analysts have also recently weighed in on BJ. TD Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Morgan Stanley lowered their price target on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BJ’s Wholesale Club in a report on Thursday, January 8th. They issued a “hold” rating on the stock. Finally, UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Hold” and an average target price of $107.63.

BJ’s Wholesale Club Stock Down 1.4%

Shares of NYSE:BJ opened at $96.59 on Monday. The stock has a market capitalization of $12.53 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 3.39 and a beta of 0.36. The stock’s 50-day moving average price is $96.53 and its 200-day moving average price is $94.22. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club has a 12-month low of $86.68 and a 12-month high of $121.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BJ. Victory Capital Management Inc. boosted its stake in shares of BJ’s Wholesale Club by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock worth $1,164,114,000 after acquiring an additional 4,704,423 shares during the last quarter. Norges Bank bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $151,765,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of BJ’s Wholesale Club in the third quarter worth about $110,523,000. Massachusetts Financial Services Co. MA grew its position in shares of BJ’s Wholesale Club by 31.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after purchasing an additional 1,152,591 shares in the last quarter. Finally, State Street Corp grew its position in shares of BJ’s Wholesale Club by 25.4% during the third quarter. State Street Corp now owns 5,082,478 shares of the company’s stock worth $473,941,000 after purchasing an additional 1,028,779 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.