BJ’s Wholesale Club (NYSE:BJ) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

BJ’s Wholesale Club (NYSE:BJ) issued its quarterly earnings data on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02, Briefing.com reports. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.86 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. BJ’s Wholesale Club updated its FY25 guidance to $3.75-4.00 EPS.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $83.14 on Friday. The stock’s fifty day moving average is $76.68 and its two-hundred day moving average is $70.71. The company has a market capitalization of $11.04 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. BJ’s Wholesale Club has a 52 week low of $60.33 and a 52 week high of $85.11.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BJ. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Thursday. Evercore ISI upped their price objective on BJ’s Wholesale Club from $76.00 to $78.00 and gave the stock an “in-line” rating in a report on Tuesday, May 14th. Bank of America upped their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. Finally, Loop Capital restated a “hold” rating and set a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $77.73.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. Insiders have sold 98,840 shares of company stock valued at $7,408,605 in the last quarter. 2.00% of the stock is owned by insiders.

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 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.