BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Expected to Earn $0.81 Per Share in Q2 2023
BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) – Analysts at Jefferies Financial Group raised their second-quarter 2023 earnings estimates for shares of BJ’s Wholesale Club in a research report released Monday, August 15. Jefferies Financial Group analyst S. Wissink now expects the company to earn $0.81 per share for the quarter, up from its previous estimate of $0.79. BJ’s Wholesale Club’s current annual earnings consensus estimate is $3.37 per share. Jefferies Financial Group also released estimates for BJ’s Wholesale Club earnings for fiscal year 2023 at $3.37 EPS, Q2 2024 earnings at $0.94 EPS and earnings for fiscal year 2024 at $3.80. $EPS.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released quarterly earnings data on Thursday, May 19. The company reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.73 by $0.14. BJ’s Wholesale Club achieved a net margin of 2.65% and a return on equity of 77.13%. The company posted revenue of $4.50 billion for the quarter, versus $4.24 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $0.72. The company’s revenue for the quarter increased by 16.2% compared to the same quarter last year.
A number of other equity research analysts also commented on the company. Citigroup raised its target price on BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a Friday, May 20 research report. JPMorgan Chase & Co. raised its price target on BJ’s Wholesale Club from $57.00 to $58.00 and gave the company an “underweight” rating in a Tuesday, August 9 report. Robert W. Baird reaffirmed an “outperform” rating and issued a target price of $70.00 on BJ’s Wholesale Club stock in a research note on Monday, May 23. Finally, Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $74.00 to $81.00 and gave the stock a “buy” rating in a Thursday, August 11 research report. One research analyst rated the stock with a sell rating, five gave a hold rating and ten gave the company’s stock a buy rating. Based on MarketBeat data, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $67.20.
BJ’s Wholesale Club Stock up 0.2%
NYSE: BJ opened at $69.24 on Tuesday. The company has a market capitalization of $9.36 billion, a PE ratio of 20.86, a growth price-earnings ratio of 2.27 and a beta of 0.46. The company has a debt ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.14. The company has a 50-day moving average of $65.94 and a 200-day moving average of $64.21. BJ’s Wholesale Club has a 1 year minimum of $51.45 and a 1 year maximum of $74.09.
Insider buying and selling
In other news from BJ’s Wholesale Club, Executive Vice President Scott Kessler sold 2,125 shares of the company in a trade on Tuesday, June 21. The stock was sold at an average price of $60.27, for a total transaction of $128,073.75. Following the sale, the executive vice president now directly owns 124,481 shares of the company, valued at $7,502,469.87. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Separately, Executive Vice President Jeff Desroches sold 15,000 shares of the company in a trade on Friday, July 8. The stock was sold at an average price of $66.58, for a total value of $998,700.00. Following the completion of the transaction, the executive vice president now directly owns 93,597 shares of the company, valued at $6,231,688.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Executive Vice President Scott Kessler sold 2,125 shares of the company in a trade on Tuesday, June 21. The shares were sold at an average price of $60.27, for a total value of $128,073.75. Following the completion of the transaction, the executive vice president now owns 124,481 shares of the company, valued at $7,502,469.87. The disclosure of this sale can be found here. Insiders sold 46,639 shares of the company valued at $2,981,849 during the last quarter. Insiders of the company hold 2.10% of the shares of the company.
Institutional investors weigh in on BJ’s wholesale club
Several institutional investors and hedge funds have recently increased or reduced their stake in BJ. City State Bank acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its stake in BJ’s Wholesale Club by 71.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company worth $25,000 after acquiring 166 additional shares in the last quarter. Sageworth Trust Co of South Dakota acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at approximately $26,000. CoreCap Advisors LLC acquired a new stake in BJ’s Wholesale Club during the second quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in BJ’s Wholesale Club during the first quarter at a value of approximately $35,000. 99.98% of the shares are currently held by institutional investors and hedge funds.
About BJ’s Wholesale Club
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BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.
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