BJ’s Wholesale Club (NYSE:BJ) Releases Earnings Results, Beats Expectations By $0.01 EPS

BJ’s Wholesale Club (NYSE:BJ – Get Rating) announced its quarterly earnings results on Tuesday. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01, Yahoo Finance reports. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.81 billion. BJ’s Wholesale Club had a return on equity of 53.66% and a net margin of 2.64%. BJ’s Wholesale Club’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $63.52 on Thursday. BJ’s Wholesale Club has a one year low of $53.86 and a one year high of $80.41. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.76 and a beta of 0.48. The business has a 50-day simple moving average of $74.26 and a 200 day simple moving average of $72.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.70 and a quick ratio of 0.13.

Analyst Upgrades and Downgrades

A number of research firms have commented on BJ. Credit Suisse Group boosted their price objective on BJ’s Wholesale Club from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 10th. DA Davidson upped their price target on BJ’s Wholesale Club from $88.00 to $90.00 in a research note on Friday, March 10th. Robert W. Baird dropped their price objective on BJ’s Wholesale Club from $90.00 to $80.00 in a report on Wednesday. Morgan Stanley dropped their price objective on BJ’s Wholesale Club from $77.00 to $72.00 in a report on Wednesday. Finally, Evercore ISI increased their price target on BJ’s Wholesale Club from $75.00 to $80.00 in a report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.25.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 7,059 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $77.09, for a total transaction of $544,178.31. Following the completion of the sale, the executive vice president now directly owns 84,822 shares of the company’s stock, valued at approximately $6,538,927.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in BJ’s Wholesale Club by 11.8% in the first quarter. Ameriprise Financial Inc. now owns 834,394 shares of the company’s stock valued at $63,395,000 after purchasing an additional 88,195 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of BJ’s Wholesale Club by 5.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after purchasing an additional 179 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of BJ’s Wholesale Club by 231.6% in the first quarter. Rockefeller Capital Management L.P. now owns 8,147 shares of the company’s stock worth $618,000 after purchasing an additional 5,690 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of BJ’s Wholesale Club by 118.0% in the first quarter. Thrivent Financial for Lutherans now owns 1,548,515 shares of the company’s stock worth $117,795,000 after purchasing an additional 838,036 shares during the period. Finally, Atlas Capital Advisors LLC bought a new position in shares of BJ’s Wholesale Club in the first quarter worth $141,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.

BJ’s Wholesale Club Company Profile

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BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.