BJ’s Wholesale Club (NYSE:BJ) Issues Q4 2024 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.780-0.880 for the period, compared to the consensus EPS estimate of 0.910. The company issued revenue guidance of -. BJ’s Wholesale Club also updated its FY 2024 guidance to 3.900-4.000 EPS.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BJ shares. Jefferies Financial Group boosted their target price on shares of BJ’s Wholesale Club from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Roth Mkm upped their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research began coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Finally, Wells Fargo & Company upped their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.07.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $90.25 on Thursday. The stock’s 50 day moving average price is $85.29 and its two-hundred day moving average price is $85.15. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 4.19 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club has a 52-week low of $63.73 and a 52-week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, equities analysts predict that BJ’s Wholesale Club will post 3.84 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $2,818,390 over the last ninety days. 2.00% of the stock is owned by company insiders.

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.