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.
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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