Fourth Quarter 2023 EPS Estimates for BJ’s Wholesale Club Holdings, Inc. Lowered by DA Davidson (NYSE:BJ)

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BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) – DA Davidson analysts cut their fourth quarter 2023 EPS estimates for BJ’s Wholesale Club in a research report delivered to clients and investors on Monday, November 21 . DA Davidson analyst Baker now expects the company to post earnings per share of $0.87 for the quarter, down from its previous forecast of $0.94. DA Davidson has a “Buy” rating and a price target of $88.00 on the stock. BJ’s Wholesale Club’s current annual earnings consensus estimate is $3.80 per share.

A number of other research analysts have also recently commented on BJ. MKM Partners raised its price target on BJ’s Wholesale Club shares from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday. Goldman Sachs Group raised its price target on BJ’s Wholesale Club shares from $63.00 to $81.00 and gave the company a “buy” rating in a Friday, August 19 research report. Loop Capital raised its price target on BJ’s Wholesale Club from $80.00 to $90.00 in a Friday, August 19 research note. Morgan Stanley raised its price target on BJ’s Wholesale Club from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Credit Suisse Group raised its price target on BJ’s Wholesale Club from $70.00 to $80.00 and gave the company an “outperform” rating in a Friday, August 19 research report. One analyst has assigned the stock a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “moderate buy” and an average target price of $80.38.

BJ’s Wholesale Club Stock up 0.6%

NYSE BJ shares opened at $73.13 on Tuesday. BJ’s Wholesale Club has a one-year minimum of $51.45 and a one-year maximum of $80.41. The company has a debt ratio of 0.64, a current ratio of 0.72 and a quick ratio of 0.14. The company’s 50-day simple moving average is $74.79 and its two-hundred-day simple moving average is $69.02. The stock has a market capitalization of $9.88 billion, a P/E ratio of 20.43, a PEG ratio of 2.06 and a beta of 0.43.

Insider buying and selling

In a similar vein, Executive Vice President Scott Kessler sold 13,359 shares of BJ’s Wholesale Club in a trade dated Thursday, September 15. The stock was sold at an average price of $76.36, for a total value of $1,020,093.24. Following the completion of the sale, the executive vice president now directly owns 116,791 shares of the company, valued at approximately $8,918,160.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. 2.10% of the shares are held by insiders.

Institutional investors weigh in on BJ’s wholesale club

Several large investors have recently bought and sold shares of BJ. SG Americas Securities LLC increased its stake in the shares of BJ’s Wholesale Club by 30.8% during the 1st quarter. SG Americas Securities LLC now owns 16,721 shares of the company valued at $1,131,000 after purchasing 3,937 additional shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of BJ’s Wholesale Club by 6.1% during the 1st quarter. New Jersey State Joint Pension Fund D now owns 84,220 shares of the company valued at $5,694,000 after purchasing an additional 4,822 shares during the period. Arizona State Retirement System increased its stake in BJ’s Wholesale Club stock by 6.9% in Q1. Arizona State Retirement System now owns 39,290 shares of the company valued at $2,656,000 after purchasing an additional 2,540 shares during the period. NBW Capital LLC increased its stake in the shares of BJ’s Wholesale Club by 0.6% during the 1st quarter. NBW Capital LLC now owns 118,561 shares of the company valued at $8,016,000 after purchasing an additional 730 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in the shares of BJ’s Wholesale Club by 1.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 220,280 shares of the company valued at $14,893,000 after purchasing an additional 2,135 shares during the period. 98.26% of the shares are currently held by institutional investors.

About BJ’s Wholesale Club

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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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