BJs Wholesale Club (NYSE:BJ) Announces Quarterly Earnings Results

BJs Wholesale Club (NYSE:BJ) posted its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01, Briefing.com reports. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.30 billion. BJs Wholesale Club had a negative return on equity of 123.65% and a net margin of 1.60%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. BJs Wholesale Club updated its FY20 guidance to $1.44-1.48 EPS.

BJ stock opened at $23.29 on Friday. The firm has a 50 day moving average price of $25.70 and a 200-day moving average price of $25.34. BJs Wholesale Club has a 52-week low of $19.67 and a 52-week high of $29.41. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.43 and a beta of 1.43.

In other news, EVP Brian Poulliot sold 10,000 shares of BJs Wholesale Club stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $26.15, for a total transaction of $261,500.00. Following the completion of the transaction, the executive vice president now directly owns 113,336 shares in the company, valued at $2,963,736.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristyn M. Sugrue sold 14,285 shares of BJs Wholesale Club stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $28.03, for a total transaction of $400,408.55. Insiders have sold 3,481,485 shares of company stock valued at $89,703,002 over the last quarter. Company insiders own 17.70% of the company’s stock.

Several research firms have weighed in on BJ. Zacks Investment Research cut BJs Wholesale Club from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Nomura began coverage on BJs Wholesale Club in a research report on Friday, November 8th. They set a “buy” rating and a $30.00 price objective on the stock. Deutsche Bank cut their price objective on BJs Wholesale Club from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday. William Blair reaffirmed a “buy” rating on shares of BJs Wholesale Club in a research report on Friday. Finally, UBS Group lifted their price objective on BJs Wholesale Club from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.00.

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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Earnings History for BJs Wholesale Club (NYSE:BJ)

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