BJ’s Wholesale Club (NYSE:BJ) Posts Earnings Results, Beats Estimates By $0.07 EPS

BJ’s Wholesale Club (NYSE:BJ) released its quarterly earnings results on Friday. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07, Zacks reports. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. BJ’s Wholesale Club updated its FY 2025 guidance to 4.300-4.400 EPS.

BJ’s Wholesale Club Trading Down 3.9%

BJ’s Wholesale Club stock opened at $87.73 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ’s Wholesale Club has a fifty-two week low of $85.38 and a fifty-two week high of $121.10. The stock has a market cap of $11.56 billion, a P/E ratio of 20.12, a PEG ratio of 2.43 and a beta of 0.33. The firm’s fifty day moving average price is $92.94 and its 200-day moving average price is $102.56.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BJ shares. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Friday, August 15th. Weiss Ratings cut BJ’s Wholesale Club from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. DA Davidson reduced their target price on shares of BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Citigroup reduced their price objective on shares of BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 25th. Finally, JPMorgan Chase & Co. dropped their target price on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.06.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the transaction, the executive vice president directly owned 11,617 shares in the company, valued at approximately $1,160,073.62. This represents a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 17,898 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $89.71, for a total transaction of $1,605,629.58. Following the completion of the sale, the chief executive officer owned 296,735 shares of the company’s stock, valued at approximately $26,620,096.85. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of large investors have recently bought and sold shares of BJ. Daiwa Securities Group Inc. lifted its holdings in shares of BJ’s Wholesale Club by 81.0% during the second quarter. Daiwa Securities Group Inc. now owns 6,824 shares of the company’s stock valued at $736,000 after purchasing an additional 3,054 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of BJ’s Wholesale Club by 98.4% in the third quarter. Dark Forest Capital Management LP now owns 7,643 shares of the company’s stock worth $713,000 after acquiring an additional 3,790 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of BJ’s Wholesale Club in the third quarter worth $392,000. Nicolet Advisory Services LLC bought a new position in shares of BJ’s Wholesale Club during the third quarter valued at $390,000. Finally, Florida Financial Advisors LLC raised its position in shares of BJ’s Wholesale Club by 32.8% in the 2nd quarter. Florida Financial Advisors LLC now owns 2,719 shares of the company’s stock worth $292,000 after purchasing an additional 671 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.