BJ’s Wholesale Club (NYSE:BJ) Updates FY25 Earnings Guidance

BJ’s Wholesale Club (NYSE:BJ) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.75-4.00 for the period, compared to the consensus estimate of $3.93.

BJ’s Wholesale Club Stock Up 2.3 %

Shares of BJ’s Wholesale Club stock traded up $1.84 during trading on Thursday, reaching $82.33. 859,376 shares of the company traded hands, compared to its average volume of 1,460,058. The firm has a market capitalization of $10.94 billion, a PE ratio of 20.80, a P/E/G ratio of 3.46 and a beta of 0.27. The company has a 50 day moving average price of $76.49 and a 200-day moving average price of $70.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. BJ’s Wholesale Club has a 1-year low of $60.33 and a 1-year high of $85.11.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. As a group, equities research analysts expect that BJ’s Wholesale Club will post 3.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BJ. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a neutral rating to a buy rating and lifted their target price for the company from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an underweight rating in a research note on Friday, March 1st. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a buy rating to a hold rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. Evercore ISI lifted their target price on shares of BJ’s Wholesale Club from $76.00 to $78.00 and gave the stock an in-line rating in a research note on Tuesday, May 14th. Finally, Loop Capital reiterated a hold rating and issued 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, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $74.40.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,840 shares of company stock valued at $7,408,605. Corporate insiders own 2.00% of the company’s stock.

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.