BJs Wholesale Club Holdings Inc (NYSE:BJ) – Investment analysts at Oppenheimer cut their Q3 2020 earnings per share (EPS) estimates for shares of BJs Wholesale Club in a research note issued on Thursday, August 22nd. Oppenheimer analyst R. Parikh now forecasts that the company will earn $0.37 per share for the quarter, down from their prior forecast of $0.39. Oppenheimer also issued estimates for BJs Wholesale Club’s Q4 2020 earnings at $0.43 EPS.
Other analysts have also recently issued research reports about the stock. Deutsche Bank raised their target price on shares of BJs Wholesale Club from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group raised their price target on shares of BJs Wholesale Club from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. ValuEngine raised shares of BJs Wholesale Club from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley lifted their price target on shares of BJs Wholesale Club from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.91.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.39 billion. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share.
Large investors have recently modified their holdings of the stock. NumerixS Investment Technologies Inc boosted its holdings in shares of BJs Wholesale Club by 270.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 17,800 shares of the company’s stock worth $482,000 after buying an additional 13,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of BJs Wholesale Club by 68.0% in the first quarter. Rhumbline Advisers now owns 169,067 shares of the company’s stock worth $4,632,000 after buying an additional 68,460 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of BJs Wholesale Club by 71.5% in the first quarter. California State Teachers Retirement System now owns 195,386 shares of the company’s stock worth $5,354,000 after buying an additional 81,466 shares in the last quarter. Avalon Advisors LLC purchased a new stake in shares of BJs Wholesale Club in the first quarter worth about $3,610,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of BJs Wholesale Club in the second quarter worth about $755,000. 98.74% of the stock is currently owned by institutional investors.
In related news, CEO Christopher J. Baldwin sold 30,147 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $24.73, for a total value of $745,535.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert W. Eddy sold 25,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $26.25, for a total transaction of $656,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,045,786 shares of company stock valued at $222,215,737 in the last 90 days. 17.70% of the stock is currently owned by company insiders.
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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