BJ’s Wholesale Club (NYSE:BJ) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

BJ’s Wholesale Club (NYSE:BJ) released its quarterly earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09, Briefing.com reports. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the company posted $0.97 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% on a year-over-year basis. BJ’s Wholesale Club updated its FY25 guidance to $3.75-4.00 EPS and its FY 2024 guidance to 3.750-4.000 EPS.

BJ’s Wholesale Club Stock Down 6.8 %

NYSE BJ opened at $81.66 on Friday. BJ’s Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37. The stock has a market cap of $10.84 billion, a PE ratio of 21.21, a PEG ratio of 3.12 and a beta of 0.23. The firm has a 50-day simple moving average of $87.73 and a 200 day simple moving average of $80.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now owns 87,294 shares in the company, valued at approximately $7,507,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The disclosure for this sale can be found here. Insiders have sold 81,544 shares of company stock worth $7,237,084 over the last three months. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BJ. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, May 23rd. Robert W. Baird raised their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. UBS Group upped their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Barclays raised their price target on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Finally, TD Cowen upped their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.13.

About BJ’s Wholesale Club

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.