Q2 2024 EPS Estimates for BJ’s Wholesale Club Holdings, Inc. Cut by William Blair (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) – Stock analysts at William Blair reduced their Q2 2024 earnings estimates for BJ’s Wholesale Club in a research report issued on Tuesday, May 23rd. William Blair analyst P. Blee now forecasts that the company will post earnings of $0.95 per share for the quarter, down from their prior forecast of $0.99. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.94 per share. William Blair also issued estimates for BJ’s Wholesale Club’s Q3 2024 earnings at $1.07 EPS, Q4 2024 earnings at $1.15 EPS and FY2024 earnings at $4.02 EPS.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last posted 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. BJ’s Wholesale Club had a return on equity of 53.66% and a net margin of 2.64%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the business earned $0.87 EPS. BJ’s Wholesale Club’s quarterly revenue was up 5.0% on a year-over-year basis.

Several other analysts have also recently weighed in on BJ. Roth Capital reissued a “neutral” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 10th. Barclays upped their price target on BJ’s Wholesale Club from $24.00 to $25.00 in a research note on Tuesday, February 21st. Bank of America decreased their price objective on shares of BJ’s Wholesale Club from $87.00 to $85.00 in a report on Tuesday. DA Davidson lifted their target price on shares of BJ’s Wholesale Club from $88.00 to $90.00 in a report on Friday, March 10th. Finally, Morgan Stanley decreased their price target on BJ’s Wholesale Club from $77.00 to $72.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and an average target price of $74.25.

BJ’s Wholesale Club Stock Down 1.2 %

Shares of BJ opened at $62.77 on Thursday. BJ’s Wholesale Club has a 52-week low of $55.07 and a 52-week high of $80.41. The company has a market capitalization of $8.40 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48. The stock has a fifty day simple moving average of $74.00 and a two-hundred day simple moving average of $72.57. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of BJ’s Wholesale Club during the first quarter valued at approximately $268,000. HighTower Advisors LLC grew its stake in shares of BJ’s Wholesale Club by 44.3% during the first quarter. HighTower Advisors LLC now owns 7,180 shares of the company’s stock valued at $487,000 after acquiring an additional 2,203 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BJ’s Wholesale Club by 104.7% during the first quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the company’s stock valued at $741,000 after acquiring an additional 5,607 shares in the last quarter. Bank of Montreal Can grew its stake in shares of BJ’s Wholesale Club by 7.4% during the first quarter. Bank of Montreal Can now owns 12,440 shares of the company’s stock valued at $843,000 after acquiring an additional 862 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of BJ’s Wholesale Club by 7.7% during the first quarter. Great West Life Assurance Co. Can now owns 74,006 shares of the company’s stock valued at $5,143,000 after acquiring an additional 5,272 shares in the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeff Desroches sold 7,059 shares of the company’s stock in a transaction that occurred 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 owns 84,822 shares of the company’s stock, valued at approximately $6,538,927.98. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is owned by company insiders.

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.