BJ’s Wholesale Club (BJ) to Release Quarterly Earnings on Thursday

BJ’s Wholesale Club (NYSE:BJ) is set to issue its quarterly earnings data before the market opens on Thursday, November 21st. Analysts expect the company to announce 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. 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 Stock Down 0.6 %

Shares of NYSE BJ opened at $86.78 on Tuesday. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 3.19 and a beta of 0.24. BJ’s Wholesale Club has a 1 year low of $63.08 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock’s 50-day simple moving average is $84.98 and its 200-day simple moving average is $85.06.

Analyst Ratings Changes

A number of brokerages have issued reports on BJ. Jefferies Financial Group upped their target price on BJ’s Wholesale Club from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Roth Mkm increased their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research started coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $88.94.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at $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 34,000 shares of company stock worth $2,818,390 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Company Profile

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.