BJ’s Wholesale Club (NYSE:BJ) Issues Earnings Results, Beats Estimates By $0.15 EPS

BJ’s Wholesale Club (NYSE:BJGet Rating) announced its quarterly earnings data on Thursday. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15, Briefing.com reports. BJ’s Wholesale Club had a net margin of 2.56% and a return on equity of 84.80%. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm posted $0.72 EPS. The company’s revenue was up 16.2% on a year-over-year basis. BJ’s Wholesale Club updated its FY23 guidance to flat yr/yr EPS.

Shares of BJ stock opened at $57.39 on Friday. BJ’s Wholesale Club has a fifty-two week low of $43.25 and a fifty-two week high of $74.09. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.09 and a beta of 0.51. The stock’s 50-day simple moving average is $65.52 and its 200-day simple moving average is $64.22.

BJ has been the topic of a number of research reports. Citigroup lifted their price objective on BJ’s Wholesale Club from $58.00 to $63.00 in a research note on Friday. Credit Suisse Group reduced their price target on shares of BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BJ’s Wholesale Club from $70.00 to $74.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.90.

In other news, Director Kenneth M. Parent sold 35,004 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $67.42, for a total transaction of $2,359,969.68. Following the completion of the sale, the director now directly owns 14,143 shares in the company, valued at $953,521.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of BJ’s Wholesale Club by 679.9% in the second quarter. Morgan Stanley now owns 1,061,319 shares of the company’s stock worth $50,499,000 after buying an additional 925,238 shares during the last quarter. LPL Financial LLC purchased a new stake in BJ’s Wholesale Club in the 3rd quarter worth approximately $1,098,000. Barclays PLC boosted its position in BJ’s Wholesale Club by 37.1% in the 4th quarter. Barclays PLC now owns 203,132 shares of the company’s stock worth $13,603,000 after purchasing an additional 54,949 shares in the last quarter. Lombard Odier Asset Management USA Corp acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $277,000. Finally, MML Investors Services LLC increased its holdings in shares of BJ’s Wholesale Club by 3.8% during the 4th quarter. MML Investors Services LLC now owns 9,708 shares of the company’s stock valued at $650,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 99.98% of the company’s stock.

About BJ’s Wholesale Club (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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Earnings History for BJ's Wholesale Club (NYSE:BJ)

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