Analysts expect BJs Wholesale Club Holdings Inc (NYSE:BJ) to report $3.44 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for BJs Wholesale Club’s earnings, with the lowest sales estimate coming in at $3.40 billion and the highest estimate coming in at $3.56 billion. BJs Wholesale Club posted sales of $3.31 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The firm is expected to report its next earnings results before the market opens on Thursday, August 22nd.
According to Zacks, analysts expect that BJs Wholesale Club will report full year sales of $13.47 billion for the current fiscal year, with estimates ranging from $13.34 billion to $13.97 billion. For the next year, analysts expect that the business will post sales of $13.97 billion, with estimates ranging from $13.75 billion to $14.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover BJs Wholesale Club.
BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.12 billion. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Several research analysts have commented on BJ shares. ValuEngine lowered shares of BJs Wholesale Club from a “hold” rating to a “sell” rating in a report on Monday. Morgan Stanley set a $28.00 price objective on shares of BJs Wholesale Club and gave the stock a “hold” rating in a report on Friday, May 24th. Goldman Sachs Group started coverage on shares of BJs Wholesale Club in a report on Thursday, July 11th. They issued a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research lowered shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Deutsche Bank started coverage on shares of BJs Wholesale Club in a report on Monday, July 15th. They issued a “buy” rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $30.70.
In related news, CEO Christopher J. Baldwin sold 21,377 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $26.17, for a total value of $559,436.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Baldwin sold 30,147 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $24.73, for a total transaction of $745,535.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,014,271 shares of company stock valued at $221,389,034. 17.70% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Aperio Group LLC purchased a new stake in BJs Wholesale Club during the 2nd quarter valued at about $58,000. Acadian Asset Management LLC purchased a new stake in BJs Wholesale Club during the 2nd quarter valued at about $87,000. Oppenheimer Asset Management Inc. grew its position in BJs Wholesale Club by 18.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,889 shares of the company’s stock valued at $107,000 after purchasing an additional 606 shares during the last quarter. Quantamental Technologies LLC grew its position in BJs Wholesale Club by 4,303.0% during the 2nd quarter. Quantamental Technologies LLC now owns 4,403 shares of the company’s stock valued at $116,000 after purchasing an additional 4,303 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in BJs Wholesale Club by 25.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,574 shares of the company’s stock valued at $125,000 after purchasing an additional 917 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.
Shares of NYSE BJ opened at $22.05 on Wednesday. BJs Wholesale Club has a 12 month low of $19.31 and a 12 month high of $32.92. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.39 and a beta of 1.55. The stock has a fifty day moving average of $24.43.
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.
See Also: Support Level
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BJs Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJs Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.