BJs Wholesale Club (NYSE:BJ) will be posting its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect BJs Wholesale Club to post earnings of $0.25 per share for the quarter. BJs Wholesale Club has set its FY 2020 guidance at $1.42-1.50 EPS and its FY20 guidance at $1.42-1.47 EPS.
BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.08. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.36 billion. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect BJs Wholesale Club to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of BJ stock opened at $26.35 on Thursday. The company has a market capitalization of $3.64 billion and a price-to-earnings ratio of 23.11. BJs Wholesale Club has a fifty-two week low of $19.31 and a fifty-two week high of $32.92.
A number of equities research analysts have weighed in on BJ shares. Evercore ISI started coverage on BJs Wholesale Club in a report on Wednesday, March 20th. They issued an “outperform” rating and a $30.00 target price for the company. Zacks Investment Research downgraded BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Wells Fargo & Co lifted their target price on BJs Wholesale Club from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Barclays started coverage on BJs Wholesale Club in a report on Friday, February 1st. They issued an “equal weight” rating for the company. Finally, Citigroup lifted their target price on BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $30.21.
In other news, major shareholder Cvc European Equity V. Ltd sold 9,775,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.58, for a total transaction of $240,269,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Kessler sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $26.00, for a total value of $520,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,288,055 shares of company stock valued at $254,318,394. Corporate insiders own 17.70% of the company’s stock.
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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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