BJs Wholesale Club Holdings Inc (NYSE:BJ) – Stock analysts at Jefferies Financial Group issued their FY2024 earnings per share (EPS) estimates for BJs Wholesale Club in a research note issued to investors on Thursday, May 23rd. Jefferies Financial Group analyst C. Mandeville anticipates that the company will post earnings of $2.27 per share for the year.
Several other analysts also recently commented on BJ. Nomura dropped their target price on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Gordon Haskett upgraded shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Citigroup raised their target price on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Barclays assumed coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They set an “equal weight” rating on the stock. Finally, Wells Fargo & Co raised their target price on shares of BJs Wholesale Club from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.43.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.12 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.
Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of BJs Wholesale Club by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after acquiring an additional 778 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of BJs Wholesale Club during the 4th quarter worth approximately $73,000. Flagship Harbor Advisors LLC grew its stake in shares of BJs Wholesale Club by 47.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock valued at $75,000 after buying an additional 1,098 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BJs Wholesale Club in the fourth quarter valued at $81,000. Finally, QS Investors LLC bought a new position in shares of BJs Wholesale Club in the fourth quarter valued at $89,000. 90.61% of the stock is owned by institutional investors.
In other news, SVP Kristyn M. Sugrue sold 4,552 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $25.25, for a total transaction of $114,938.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kristyn M. Sugrue sold 6,802 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $28.00, for a total transaction of $190,456.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,240,551 shares of company stock valued at $253,069,037 over the last ninety days. Company insiders own 17.70% of the company’s stock.
BJs Wholesale Club Company Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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