BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) to Post FY2024 Earnings of $3.87 Per Share, Zacks Research Forecasts

Posted by Defense World Staff on Sep 8th, 2023

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) – Equities researchers at Zacks Research reduced their FY2024 earnings per share estimates for BJ’s Wholesale Club in a research note issued on Tuesday, September 5th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $3.87 per share for the year, down from their prior forecast of $3.90. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.87 per share. Zacks Research also issued estimates for BJ’s Wholesale Club’s Q3 2025 earnings at $1.04 EPS, FY2025 earnings at $4.06 EPS, Q1 2026 earnings at $1.00 EPS, Q2 2026 earnings at $1.09 EPS and FY2026 earnings at $4.37 EPS.

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

Other equities research analysts have also recently issued reports about the stock. Bank of America decreased their price target on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. UBS Group dropped their price target on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on BJ’s Wholesale Club from $89.00 to $77.00 in a research report on Wednesday, May 24th. Loop Capital cut 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 Wednesday, August 23rd. Finally, Citigroup dropped their price objective on shares of BJ’s Wholesale Club from $83.00 to $74.00 in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.57.

Check Out Our Latest Stock Report on BJ’s Wholesale Club

BJ’s Wholesale Club Stock Performance

BJ opened at $65.04 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71. The company has a market cap of $8.70 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.51 and a beta of 0.45. The stock has a 50-day moving average of $65.96 and a 200-day moving average of $69.16. BJ’s Wholesale Club has a 52-week low of $60.33 and a 52-week high of $80.41.

Institutional Investors Weigh In On BJ’s Wholesale Club

Large investors have recently bought and sold shares of the company. Park Place Capital Corp acquired a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at $88,000. CHICAGO TRUST Co NA purchased a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth about $220,000. Eagle Asset Management Inc. grew its position in shares of BJ’s Wholesale Club by 14.7% during the 1st quarter. Eagle Asset Management Inc. now owns 12,624 shares of the company’s stock valued at $960,000 after acquiring an additional 1,620 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in BJ’s Wholesale Club in the 1st quarter worth about $1,699,000. Finally, UBS Group AG boosted its position in BJ’s Wholesale Club by 42.0% during the fourth quarter. UBS Group AG now owns 286,907 shares of the company’s stock worth $18,982,000 after purchasing an additional 84,792 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Monica Schwartz sold 15,168 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $61.85, for a total value of $938,140.80. Following the completion of the sale, the executive vice president now owns 25,962 shares of the company’s stock, valued at $1,605,749.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Joseph Mcgrail sold 800 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $70.00, for a total value of $56,000.00. Following the completion of the transaction, the senior vice president now directly owns 13,374 shares of the company’s stock, valued at $936,180. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Monica Schwartz sold 15,168 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $61.85, for a total transaction of $938,140.80. Following the completion of the sale, the executive vice president now directly owns 25,962 shares in the company, valued at $1,605,749.70. The disclosure for this sale can be found here. Insiders have sold 16,368 shares of company stock valued at $1,022,148 over the last three months. 2.20% of the stock is owned by corporate insiders.

About BJ’s Wholesale Club

(Get Free Report)

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.