BJ’s Wholesale Club (BJ) to Release Earnings on Friday

BJ’s Wholesale Club (NYSE:BJ) will be posting its quarterly earnings results before the market opens on Friday, November 17th. Analysts expect BJ’s Wholesale Club to post earnings of $0.96 per share for the quarter. BJ’s Wholesale Club has set its FY24 guidance at $3.80-3.92 EPS and its FY 2023 guidance at $3.80-$3.92 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Tuesday, August 22nd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.07. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.18 billion. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. 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 2.3 %

Shares of BJ’s Wholesale Club stock opened at $67.31 on Friday. The business’s fifty day moving average price is $69.41 and its two-hundred day moving average price is $67.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.12. The company has a market capitalization of $9.00 billion, a P/E ratio of 18.09, a PEG ratio of 2.71 and a beta of 0.37. BJ’s Wholesale Club has a 1-year low of $60.33 and a 1-year high of $80.41.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BJ. Loop Capital cut their target price on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Evercore ISI lifted their target price on BJ’s Wholesale Club from $68.00 to $69.00 and gave the company an “in-line” rating in a research note on Friday, September 8th. Bank of America cut their target price on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. TD Cowen started coverage on BJ’s Wholesale Club in a research note on Thursday, September 14th. They issued an “outperform” rating and a $80.00 price objective on the stock. Finally, UBS Group dropped their price objective on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.00.

Insider Buying and Selling

In related news, EVP Jeff Desroches sold 33,934 shares of BJ’s Wholesale Club stock in a transaction on Monday, October 16th. The stock was sold at an average price of $68.88, for a total value of $2,337,373.92. Following the transaction, the executive vice president now directly owns 80,882 shares in the company, valued at approximately $5,571,152.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Jeff Desroches sold 33,934 shares of BJ’s Wholesale Club stock in a transaction on Monday, October 16th. The stock was sold at an average price of $68.88, for a total transaction of $2,337,373.92. Following the transaction, the executive vice president now owns 80,882 shares in the company, valued at $5,571,152.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William C. Werner sold 3,799 shares of BJ’s Wholesale Club stock in a transaction on Monday, September 18th. The shares were sold at an average price of $70.65, for a total value of $268,399.35. Following the transaction, the executive vice president now owns 31,081 shares in the company, valued at approximately $2,195,872.65. The disclosure for this sale can be found here. Insiders have sold 118,653 shares of company stock worth $8,306,084 in the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its position in BJ’s Wholesale Club by 5.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after purchasing an additional 179 shares during the last quarter. CIBC Asset Management Inc increased its position in BJ’s Wholesale Club by 5.0% in the 1st quarter. CIBC Asset Management Inc now owns 3,783 shares of the company’s stock worth $288,000 after purchasing an additional 180 shares during the last quarter. Commonwealth Equity Services LLC increased its position in BJ’s Wholesale Club by 3.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,939 shares of the company’s stock worth $505,000 after purchasing an additional 206 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in BJ’s Wholesale Club by 3.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 8,410 shares of the company’s stock worth $530,000 after purchasing an additional 263 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of BJ’s Wholesale Club by 12.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $185,000 after acquiring an additional 298 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.