Brokers Issue Forecasts for BJ’s Wholesale Club Holdings, Inc.’s Q2 2024 Earnings (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) – Stock analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of BJ’s Wholesale Club in a report issued on Wednesday, May 24th. DA Davidson analyst M. Baker expects that the company will post earnings of $0.87 per share for the quarter. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.94 per share. DA Davidson also issued estimates for BJ’s Wholesale Club’s FY2025 earnings at $4.28 EPS.

BJ has been the subject of several other reports. Robert W. Baird lowered their price objective on shares of BJ’s Wholesale Club from $90.00 to $80.00 in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on BJ’s Wholesale Club from $65.00 to $62.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on BJ’s Wholesale Club from $89.00 to $77.00 in a research report on Wednesday. Morgan Stanley reduced their target price on BJ’s Wholesale Club from $77.00 to $72.00 in a research note on Wednesday. Finally, Barclays lifted their price target on shares of BJ’s Wholesale Club from $24.00 to $25.00 in a report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.25.

BJ’s Wholesale Club Trading Down 1.2 %

NYSE:BJ opened at $62.77 on Thursday. The firm has a market capitalization of $8.40 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.76 and a beta of 0.48. BJ’s Wholesale Club has a 52 week low of $55.07 and a 52 week high of $80.41. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $74.00 and a 200 day moving average of $72.57.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.81 billion. BJ’s Wholesale Club had a return on equity of 53.66% and a net margin of 2.64%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 7,059 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $77.09, for a total value of $544,178.31. Following the sale, the executive vice president now directly owns 84,822 shares of the company’s stock, valued at $6,538,927.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toroso Investments LLC raised its stake in shares of BJ’s Wholesale Club by 9.7% in the first quarter. Toroso Investments LLC now owns 11,203 shares of the company’s stock worth $852,000 after purchasing an additional 994 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of BJ’s Wholesale Club by 11.8% in the first quarter. Ameriprise Financial Inc. now owns 834,394 shares of the company’s stock worth $63,395,000 after purchasing an additional 88,195 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of BJ’s Wholesale Club by 7.0% in the first quarter. New York State Common Retirement Fund now owns 185,158 shares of the company’s stock worth $14,085,000 after acquiring an additional 12,127 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of BJ’s Wholesale Club by 5.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after acquiring an additional 179 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of BJ’s Wholesale Club by 231.6% in the first quarter. Rockefeller Capital Management L.P. now owns 8,147 shares of the company’s stock worth $618,000 after acquiring an additional 5,690 shares during the period. Institutional investors own 93.72% of the company’s stock.

BJ’s Wholesale Club Company Profile

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BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.