$3.44 Billion in Sales Expected for BJs Wholesale Club Holdings Inc (NYSE:BJ) This Quarter

Wall Street analysts expect BJs Wholesale Club Holdings Inc (NYSE:BJ) to announce sales of $3.44 billion for the current quarter, according to Zacks. Five analysts have provided estimates for BJs Wholesale Club’s earnings, with the highest sales estimate coming in at $3.56 billion and the lowest estimate coming in at $3.40 billion. BJs Wholesale Club posted sales of $3.31 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The company is expected to issue its next earnings report on Tuesday, August 27th.

According to Zacks, analysts expect that BJs Wholesale Club will report full-year sales of $13.47 billion for the current financial year, with estimates ranging from $13.34 billion to $13.97 billion. For the next financial year, analysts forecast that the company will post sales of $13.96 billion, with estimates ranging from $13.71 billion to $14.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow BJs Wholesale Club.

BJs Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year.

A number of equities analysts have recently issued reports on BJ shares. Nomura cut their price objective on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Evercore ISI started coverage on BJs Wholesale Club in a report on Wednesday, March 20th. They issued an “outperform” rating and a $30.00 price objective for the company. Gordon Haskett upgraded BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Wells Fargo & Co upped their price objective on BJs Wholesale Club from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Finally, Citigroup upped their price objective on BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.43.

In related news, major shareholder Cvc European Equity V. Ltd sold 9,775,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.58, for a total transaction of $240,269,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Baldwin sold 48,622 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $28.24, for a total value of $1,373,085.28. The disclosure for this sale can be found here. Insiders have sold a total of 10,152,377 shares of company stock valued at $250,764,757 over the last 90 days. 17.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJ. PNC Financial Services Group Inc. lifted its holdings in BJs Wholesale Club by 201.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after buying an additional 778 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in BJs Wholesale Club in the 4th quarter worth approximately $73,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in BJs Wholesale Club in the 4th quarter worth approximately $81,000. QS Investors LLC purchased a new stake in BJs Wholesale Club in the 4th quarter worth approximately $89,000. Finally, Great West Life Assurance Co. Can purchased a new stake in BJs Wholesale Club in the 4th quarter worth approximately $199,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

BJ opened at $24.76 on Thursday. BJs Wholesale Club has a 12-month low of $19.31 and a 12-month high of $32.92. The stock has a market capitalization of $3.44 billion and a PE ratio of 20.63.

About BJs Wholesale Club

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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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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