Wall Street brokerages expect BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ – Get Rating) to post sales of $4.16 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates of BJ’s Wholesale Club earnings, with estimates ranging from $4.05 billion to $4.35 billion. BJ’s Wholesale Club recorded sales of $3.87 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 7.5%. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect BJ’s Wholesale Club to record annual sales of $17.65 billion in the current fiscal year, with estimates ranging from $17.29 billion to $18.28 billion. . For the next fiscal year, analysts expect the company to post sales of $18.79 billion, with estimates ranging from $18.25 billion to $19.59 billion. Zacks Investment Research sales averages are an average based on a survey of research companies that provide coverage for BJ’s Wholesale Club.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly results on Thursday, March 3. The company reported EPS of $0.80 for the quarter, beating Thomson Reuters consensus estimate of $0.74 by $0.06. BJ’s Wholesale Club achieved a return on equity of 84.80% and a net margin of 2.56%. The company posted revenue of $4.26 billion in the quarter, versus $4.38 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.70. The company’s revenue for the quarter increased 10.4% year over year.
Several analysts have recently commented on the company. Credit Suisse Group lowered its price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a Friday, March 4 research report. Goldman Sachs Group downgraded BJ’s Wholesale Club from a “buy conviction” rating to a “buy” rating in a Tuesday, Dec. 14 research note. Deutsche Bank Aktiengesellschaft lowered its price target on BJ’s Wholesale Club from $74.00 to $70.00 and set a “buy” rating on the stock in a Monday, March 7 research note. Morgan Stanley lowered its price target on BJ’s Wholesale Club from $70.00 to $65.00 and set an “equal weight” rating on the stock in a Tuesday, Jan. 18 research note. Finally, JPMorgan Chase & Co. downgraded BJ’s Wholesale Club from an “overweight” rating to an “underweight” rating and lowered its price target for the stock from $78.00 to $60.00 in a research note from Friday, January 14. One stock research analyst gave the stock a sell rating, eight gave the company a hold rating and ten gave the company a buy rating. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Hold” and a consensus price target of $66.45.
Separately, director Kenneth M. Parent sold 35,004 shares in a trade dated Tuesday, April 5. The stock was sold at an average price of $67.42, for a total transaction of $2,359,969.68. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 2.10% of the shares are currently held by company insiders.
Hedge funds and other institutional investors have recently changed their stakes in the company. Comerica Bank increased its stake in BJ’s Wholesale Club by 33.5% during the 3rd quarter. Comerica Bank now owns 109,086 shares of the company worth $6,690,000 after purchasing an additional 27,347 shares during the period. The Illinois Municipal Retirement Fund increased its holdings of BJ’s Wholesale Club stock by 26.5% in the fourth quarter. The Illinois Municipal Retirement Fund now owns 34,751 shares of the company valued at $2,327,000 after acquiring 7,290 additional shares in the last quarter. Moody Aldrich Partners LLC increased its equity stake in BJ’s Wholesale Club by 16.7% in the third quarter. Moody Aldrich Partners LLC now owns 158,507 shares of the company valued at $8,705,000 after acquiring an additional 22,660 shares in the last quarter. Laffer Tengler Investments increased its equity stake in BJ’s Wholesale Club by 17.6% in Q3. Laffer Tengler Investments now owns 5,780 shares of the company valued at $317,000 after acquiring 867 additional shares in the last quarter. Finally, the Ontario Teachers’ Pension Board increased its holdings of BJ’s Wholesale Club shares by 109.0% in the third quarter. The Ontario Teachers’ Pension Board now owns 32,236 shares of the company valued at $1,770,000 after acquiring an additional 16,812 shares in the last quarter.
BJ shares opened at $66.52 on Wednesday. The company has a debt ratio of 1.16, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club has a one-year minimum of $42.62 and a one-year maximum of $74.09. The stock has a market capitalization of $9.00 billion, a price/earnings ratio of 21.53, a PEG ratio of 2.73 and a beta of 0.48. The stock has a 50-day moving average price of $64.07 and a 200-day moving average price of $62.84.
BJ’s Wholesale Club Company Profile (Get a rating)
BJ’s Wholesale Club Holdings, Inc is engaged in the operation of membership warehouse clubs. Its product categories include Grocery, Home & Pets, TV & Electronics, Furniture, Computers & Tablets, Patio & Outdoor Living, Lawn & Garden, Baby and children, toys, home, health and beauty, appliances and jewelry.
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