$0.34 EPS Expected for BJs Wholesale Club Holdings Inc (BJ) This Quarter

Analysts predict that BJs Wholesale Club Holdings Inc (NYSE:BJ) will post $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for BJs Wholesale Club’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.36. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, November 20th.

According to Zacks, analysts expect that BJs Wholesale Club will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.25. For the next fiscal year, analysts anticipate that the company will post earnings of $1.48 per share, with EPS estimates ranging from $1.38 to $1.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow BJs Wholesale Club.

BJs Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Tuesday, August 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $0.22 EPS. BJs Wholesale Club’s quarterly revenue was up 4.3% compared to the same quarter last year.

A number of equities analysts have recently issued reports on BJ shares. Wolfe Research started coverage on BJs Wholesale Club in a research report on Monday, July 16th. They set an “underperform” rating on the stock. Goldman Sachs Group started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They set a “neutral” rating and a $24.00 price objective for the company. Robert W. Baird started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They set an “outperform” rating and a $30.00 price objective for the company. William Blair started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They set a “neutral” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.92.

In other BJs Wholesale Club news, Director Tommy Yin sold 15,034,658 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $26.00, for a total value of $390,901,108.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Graham Luce sold 31,523 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $25.09, for a total value of $790,912.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,430,535 shares of company stock valued at $400,833,662.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of BJs Wholesale Club by 64.4% in the third quarter. FMR LLC now owns 13,905,704 shares of the company’s stock worth $372,395,000 after purchasing an additional 5,444,784 shares during the last quarter. BlackRock Inc. raised its stake in shares of BJs Wholesale Club by 705.7% in the third quarter. BlackRock Inc. now owns 3,301,942 shares of the company’s stock worth $88,425,000 after purchasing an additional 2,892,106 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of BJs Wholesale Club in the second quarter worth about $68,786,000. JPMorgan Chase & Co. raised its stake in shares of BJs Wholesale Club by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,748,909 shares of the company’s stock worth $73,616,000 after purchasing an additional 725,143 shares during the last quarter. Finally, Putnam Investments LLC purchased a new position in shares of BJs Wholesale Club in the second quarter worth about $53,841,000. Institutional investors own 61.48% of the company’s stock.

Shares of BJ traded down $0.65 during midday trading on Friday, reaching $23.12. 1,594,988 shares of the stock were exchanged, compared to its average volume of 1,358,643. BJs Wholesale Club has a 52 week low of $20.33 and a 52 week high of $32.92.

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 and Estimates for BJs Wholesale Club (NYSE:BJ)

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