Q4 2023 Earnings Forecast for BJ’s Wholesale Club Holdings, Inc. Issued By Oppenheimer (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) – Equities researchers at Oppenheimer lifted their Q4 2023 earnings per share (EPS) estimates for shares of BJ’s Wholesale Club in a research report issued to clients and investors on Monday, March 6th. Oppenheimer analyst R. Parikh now expects that the company will earn $0.88 per share for the quarter, up from their prior forecast of $0.83. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.81 per share. Oppenheimer also issued estimates for BJ’s Wholesale Club’s FY2024 earnings at $3.80 EPS.

A number of other research analysts also recently issued reports on BJ. Barclays upped their price target on BJ’s Wholesale Club from $24.00 to $25.00 in a report on Tuesday, February 21st. UBS Group decreased their target price on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, January 6th. Wells Fargo & Company lowered their price target on BJ’s Wholesale Club from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, January 4th. Credit Suisse Group lowered BJ’s Wholesale Club from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, December 20th. Finally, JPMorgan Chase & Co. increased their target price on BJ’s Wholesale Club from $64.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.19.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $76.06 on Thursday. The company’s fifty day moving average price is $71.53 and its 200-day moving average price is $72.65. BJ’s Wholesale Club has a 12 month low of $51.45 and a 12 month high of $80.41. The stock has a market cap of $10.27 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48. The company has a current ratio of 0.72, a quick ratio of 0.14 and a debt-to-equity ratio of 0.64.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 1,716 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $74.83, for a total value of $128,408.28. Following the completion of the transaction, the executive vice president now directly owns 91,881 shares in the company, valued at approximately $6,875,455.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Jeff Desroches sold 1,716 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $74.83, for a total transaction of $128,408.28. Following the completion of the transaction, the executive vice president now directly owns 91,881 shares of the company’s stock, valued at $6,875,455.23. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Scott Kessler sold 13,360 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $68.88, for a total transaction of $920,236.80. Following the completion of the sale, the executive vice president now owns 112,946 shares in the company, valued at $7,779,720.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,482 shares of company stock worth $1,637,601. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in BJ’s Wholesale Club by 71.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in BJ’s Wholesale Club during the 4th quarter worth $26,000. CoreCap Advisors LLC acquired a new position in BJ’s Wholesale Club during the 2nd quarter valued at about $28,000. Parkside Financial Bank & Trust raised its stake in BJ’s Wholesale Club by 1,536.0% in the third quarter. Parkside Financial Bank & Trust now owns 409 shares of the company’s stock valued at $30,000 after buying an additional 384 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of BJ’s Wholesale Club by 45.6% during the fourth quarter. IFP Advisors Inc now owns 1,222 shares of the company’s stock worth $30,000 after acquiring an additional 383 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors.

About BJ’s Wholesale Club

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BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.