Brokers Forecast BJ’s Wholesale Club Holdings, Inc. Earnings in Q4 2023

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BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) investment analysts DA Davidson released their fourth quarter 2023 earnings per share estimates for BJ’s Wholesale Club shares in a research note published Friday, November 18. . According to Mr. Baker of DA Davidson, the company will earn $0.94 per share in the fourth quarter. DA Davidson rates the stock as a “buy”, with a price target of $88.00. BJ’s Wholesale Club’s current estimate of annual earnings is $3.80 per share.
Several other research companies have recently made statements about BJ. JPMorgan Chase & Co. raised its price target for BJ’s Wholesale Club from $64.00 to $65.00 in a research note released Friday and assigned the company an “underweight” rating. Morgan Stanley raised its price target for BJ’s Wholesale Club from $71.00 to $76.00 in a research note released Friday and assigned the company an “equal weight” rating. MKM Partners raised its target price on BJ’s Wholesale Club from $63.00 to $67.00 in a research note released on Friday and gave the company a “neutral” rating. William Blair reiterated his “outperform” rating on BJ’s Wholesale Club stock in a research note published Wednesday, October 12. Finally, Robert W. Baird raised his price target on BJ’s Wholesale Club from $77.00 to $85.00 in a research note published Friday, August 19 and gave the company an “outperform” rating. One equity research analyst recommends selling the stock, three recommends holding, and eight recommends buying. According to Bloomberg.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.38.
The NYSE BJ opened at $72.69 per share on Monday. The 52-week low for BJ’s Wholesale Club is $51.45 and the 52-week high is $80.41. The debt ratio is 0.64, the current ratio is 0.72 and the quick ratio is 0.17. The stock’s 50-day simple moving average is $74.90 and the 200-day simple moving average is $68.95. The stock has a market capitalization of $9.82 billion, a P/E ratio of 20.30, a price-to-earnings growth ratio of 2.08 and a beta of 0.43.

BJ’s Wholesale Club (NYSE: BJ) released its latest earnings on August 18. The company earned $1.06 per share for the quarter, $0.23 above the consensus estimate of $0.83. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 64.35%. Analysts predicted $4.63 billion in revenue for the quarter, but revenue came in at $5.10 billion. The company earned $0.82 per share in the same quarter last year. The company’s revenue increased 22.2% year over year.

BJ shares have recently been bought and sold by several institutions and hedge funds. In the third quarter, Vanguard Group Inc. increased its stake in BJ’s Wholesale Club by 0.9%. Vanguard Group Inc. now owns 13,614,836 shares of the company, valued at $991,297,000, following the purchase of 125,697 additional shares during the last quarter. Additionally, Putnam Investments LLC increased its stake in BJ’s Wholesale Club in the third quarter by 1.3%. Putnam Investments LLC now owns 5,184,066 shares of the company, valued at $377,451,000, after purchasing an additional 67,057 shares in the last quarter. Finally, State Street Corp. increased its stake in BJ’s Wholesale Club in the first quarter by 3.4%. State Street Corp now owns 4,445,807 shares of the company, valued at $300,581,000, after purchasing an additional 147,014 shares last quarter. Additionally, River Road Asset Management LLC increased its stake in BJ’s Wholesale Club shares in the second quarter by 25.9%. River Road Asset Management LLC now owns 3,766,074 shares of the company, valued at $234,702,000, after purchasing an additional 774,423 shares last quarter. Finally, Lord Abbett & Co. LLC increased its stake in BJ’s Wholesale Club by 21.3% in the first quarter. Lord Abbett & Co. LLC now owns 3,428,378 shares of the company, valued at $231,788,000, after purchasing an additional 603,057 shares last quarter. Currently, hedge funds and other institutional investors own 98.26% of the shares.

In other news, Executive Vice President Scott Kessler sold 13,359 shares of BJ’s Wholesale Club on Thursday, September 15. At an average price of $76.36 per share, the stock was sold for a total of $1,020,093.24. The executive vice president now directly owns 116,791 shares of the company, valued at $8,918,160.76, as a result of the transaction. The transaction was disclosed in a Securities and Exchange Commission filing, which can be viewed on the SEC’s website. Insiders currently own 2.10% of the shares of the company.

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