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

BJ's Wholesale Club (NYSE:BJ - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. 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.

BJ's Wholesale Club Trading Down 0.8 %

NYSE:BJ opened at $85.63 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a 50-day simple moving average of $85.29 and a 200-day simple moving average of $85.15. BJ's Wholesale Club has a one year low of $63.08 and a one year high of $92.37. The firm has a market cap of $11.35 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.19 and a beta of 0.24.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that BJ's Wholesale Club will post 3.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Jefferies Financial Group increased their price target on shares of BJ's Wholesale Club from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, November 15th. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Bank of America cut their price objective on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Finally, Roth Mkm boosted their target price on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.07.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares of the company's stock, valued at $35,395,884.80. This represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company's stock, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock worth $2,818,390. 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.

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