BJs Wholesale Club (NYSE:BJ) Updates FY 2019 Earnings Guidance

BJs Wholesale Club (NYSE:BJ) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $1.42-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48. The company issued revenue guidance of $12.9-13.2 billion, compared to the consensus revenue estimate of $13.36 billion.

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on BJs Wholesale Club from $28.00 to $29.00 and gave the company an equal weight rating in a research note on Friday. Goldman Sachs Group initiated coverage on BJs Wholesale Club in a research note on Thursday, July 11th. They issued a buy rating and a $29.00 target price for the company. Deutsche Bank upped their price target on BJs Wholesale Club from $29.00 to $31.00 and gave the company a buy rating in a research report on Friday. Zacks Investment Research cut BJs Wholesale Club from a buy rating to a hold rating in a research report on Monday, July 22nd. Finally, ValuEngine upgraded BJs Wholesale Club from a sell rating to a hold rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. BJs Wholesale Club has an average rating of Buy and a consensus price target of $30.91.

Shares of NYSE:BJ opened at $25.03 on Friday. The business’s fifty day moving average price is $23.71 and its two-hundred day moving average price is $25.70. BJs Wholesale Club has a fifty-two week low of $19.31 and a fifty-two week high of $32.92. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.55.



BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. BJs Wholesale Club had a negative return on equity of 102.69% and a net margin of 1.59%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that BJs Wholesale Club will post 1.5 earnings per share for the current fiscal year.

In other news, SVP Kirk Saville sold 7,812 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $25.76, for a total transaction of $201,237.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Baldwin sold 30,147 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $24.73, for a total value of $745,535.31. The disclosure for this sale can be found here. Insiders sold 9,045,786 shares of company stock worth $222,215,737 over the last quarter. Company insiders own 17.70% of the company’s stock.

BJs Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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