BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) will post earnings of $0.76 per share in the third quarter of 2023, according to Oppenheimer forecast


BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) – Oppenheimer equity researchers dropped their third quarter 2023 earnings per share (EPS) estimates for BJ’s Wholesale Club stock in a research report released to customers and investors on Thursday, August 18th. Oppenheimer analyst R. Parikh now expects the company to post earnings of $0.76 per share for the quarter, down from his previous forecast of $0.78. BJ’s Wholesale Club’s current annual earnings consensus estimate is $3.37 per share. Oppenheimer also released estimates for BJ’s Wholesale Club Q4 2023 earnings at $0.87 EPS and full-year 2024 earnings at $3.85 EPS.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly results on Thursday, August 18. The company reported EPS of $1.06 for the quarter, beating analyst consensus estimates of $0.81 by $0.25. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company posted revenue of $5.10 billion in the quarter, compared to $4.63 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $0.82. BJ’s Wholesale Club revenue increased 22.2% year over year.

Other equity research analysts have also published research reports on the company. JPMorgan Chase & Co. raised its price target on BJ’s Wholesale Club from $57.00 to $58.00 and gave the company an “underweight” rating in a Tuesday, Aug. 9 research report. Citigroup raised its price target on BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a Friday, May 20 research report. MKM Partners raised its price target on BJ’s Wholesale Club from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday. UBS Group raised its price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. Finally, Goldman Sachs Group raised its price target on BJ’s Wholesale Club from $63.00 to $81.00 and gave the company a “buy” rating in a research report on Friday. One analyst gave the stock a sell rating, four gave the company a hold rating and eleven gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.06.

BJ Wholesale Club Price Performance

Shares of BJ’s Wholesale Club opened at $73.78 on Friday. The stock has a market capitalization of $9.97 billion, a P/E ratio of 22.22, a growth price/earnings ratio of 2.30 and a beta of 0.46. BJ’s Wholesale Club has a 52 week minimum of $51.45 and a 52 week maximum of $77.47. The company has a debt ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80. The stock has a fifty-day moving average of $66.61 and a 200-day moving average of $64.41.

Insider activity

In other news, Executive Vice President Jeff Desroches sold 15,000 shares of the company in a trade that took place Friday, July 8. The stock was sold at an average price of $66.58, for a total value of $998,700.00. Following the completion of the transaction, the executive vice president now directly owns 93,597 shares of the company, valued at $6,231,688.26. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In other news from BJ’s Wholesale Club, Executive Vice President Jeff Desroches sold 15,000 shares in a trade on Friday July 8th. The stock was sold at an average price of $66.58, for a total transaction of $998,700.00. Following the completion of the transaction, the executive vice president now directly owns 93,597 shares of the company, valued at $6,231,688.26. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Scott Kessler sold 2,125 shares in a trade on Tuesday, June 21. The shares were sold at an average price of $60.27, for a total value of $128,073.75. Following the transaction, the executive vice president now directly owns 124,481 shares of the company, valued at $7,502,469.87. The disclosure of this sale can be found here. Insiders sold a total of 46,639 shares of the company valued at $2,981,849 over the past three months. Company insiders own 2.10% of the company’s shares.

Hedge funds weigh down BJ’s wholesale club

A number of large investors have recently changed their positions in BJ. Systematic Alpha Investments LLC purchased a new stake in the shares of BJ’s Wholesale Club in the second quarter at a value of $218,000. Centiva Capital LP purchased a new stake in BJ’s Wholesale Club during the second quarter, valued at approximately $1,663,000. First Republic Investment Management Inc. increased its position in BJ’s Wholesale Club by 2.2% during the second quarter. First Republic Investment Management Inc. now owns 14,680 shares of the company valued at $915,000 after buying 322 additional shares last quarter. Captrust Financial Advisors increased its position in BJ’s Wholesale Club by 53.9% during the second quarter. Captrust Financial Advisors now owns 3,813 shares of the company valued at $238,000 after buying 1,336 additional shares in the last quarter. Finally, Ibex Wealth Advisors increased its position in BJ’s Wholesale Club by 0.8% during the second quarter. Ibex Wealth Advisors now owns 36,334 shares of the company valued at $2,264,000 after buying 287 additional shares last quarter. 99.98% of the shares are held by institutional investors.

BJ’s Wholesale Club Company Profile

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BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.

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Earnings history and estimates for BJ's Wholesale Club (NYSE:BJ)



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