BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Expected to Earn Q4 2024 Earnings of $1.08 Per Share

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) – Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for BJ’s Wholesale Club in a research note issued on Monday, November 20th. DA Davidson analyst M. Baker forecasts that the company will post earnings of $1.08 per share for the quarter. The consensus estimate for BJ’s Wholesale Club’s current full-year earnings is $3.87 per share.

BJ has been the subject of a number of other research reports. The Goldman Sachs Group downgraded BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $73.00 in a research report on Tuesday, October 17th. Loop Capital reduced their price objective on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Bank of America reduced their price objective on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. UBS Group reduced their price objective on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, Morgan Stanley reduced their price objective on BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 23rd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.31.

BJ’s Wholesale Club Price Performance

BJ stock opened at $63.59 on Tuesday. The stock has a 50-day moving average price of $69.68 and a two-hundred day moving average price of $67.06. BJ’s Wholesale Club has a 12-month low of $60.33 and a 12-month high of $78.88. The company has a current ratio of 0.71, a quick ratio of 0.12 and a debt-to-equity ratio of 0.36. The company has a market cap of $8.50 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 3.16 and a beta of 0.37.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, November 17th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors have recently made changes to their positions in BJ. Cambridge Investment Research Advisors Inc. bought a new position in shares of BJ’s Wholesale Club during the first quarter valued at approximately $268,000. HighTower Advisors LLC grew its holdings in BJ’s Wholesale Club by 44.3% in the 1st quarter. HighTower Advisors LLC now owns 7,180 shares of the company’s stock worth $487,000 after buying an additional 2,203 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in BJ’s Wholesale Club by 104.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the company’s stock worth $741,000 after buying an additional 5,607 shares in the last quarter. Bank of Montreal Can grew its holdings in BJ’s Wholesale Club by 7.4% in the 1st quarter. Bank of Montreal Can now owns 12,440 shares of the company’s stock worth $843,000 after buying an additional 862 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in BJ’s Wholesale Club by 7.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 74,006 shares of the company’s stock worth $5,143,000 after buying an additional 5,272 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 890 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $72.47, for a total value of $64,498.30. Following the completion of the sale, the executive vice president now directly owns 29,357 shares of the company’s stock, valued at $2,127,501.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP William C. Werner sold 890 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $72.47, for a total value of $64,498.30. Following the completion of the sale, the executive vice president now directly owns 29,357 shares of the company’s stock, valued at $2,127,501.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,965 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $70.04, for a total value of $838,028.60. Following the transaction, the chief executive officer now directly owns 238,667 shares of the company’s stock, valued at $16,716,236.68. The disclosure for this sale can be found here. Insiders sold a total of 118,653 shares of company stock valued at $8,306,084 over the last three months. 2.20% of the stock is owned by insiders.

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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.