Brokerages Expect BJs Wholesale Club Holdings Inc (BJ) to Announce $0.34 EPS

Brokerages expect BJs Wholesale Club Holdings Inc (NYSE:BJ) to post earnings of $0.34 per share for the current quarter, Zacks reports. Five analysts have provided estimates for BJs Wholesale Club’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.30. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, November 20th.

On average, 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 forecast that the business will post earnings of $1.48 per share, with EPS estimates ranging from $1.38 to $1.61. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow BJs Wholesale Club.

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

Several research firms have weighed in on BJ. Deutsche Bank began coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued a “$26.00” rating and a $30.00 price target for the company. JPMorgan Chase & Co. began coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued a “neutral” rating and a $30.00 price target for the company. Citigroup began coverage on BJs Wholesale Club in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 price target for the company. Morgan Stanley began coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued an “equal weight” rating and a $28.00 price target for the company. Finally, Zacks Investment Research upgraded BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.92.

Shares of NYSE:BJ traded down $0.39 during mid-day trading on Friday, reaching $21.58. 55,394 shares of the company traded hands, compared to its average volume of 1,637,145. BJs Wholesale Club has a 52 week low of $20.33 and a 52 week high of $32.92.

In other news, SVP Graham Luce sold 31,523 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $790,912.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Baldwin sold 302,668 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.09, for a total value of $7,593,940.12. The disclosure for this sale can be found here. Insiders have sold a total of 15,430,535 shares of company stock worth $400,833,662 over the last ninety days.

Several institutional investors and hedge funds have recently modified their holdings of the company. Amica Retiree Medical Trust purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter worth approximately $114,000. Tower Research Capital LLC TRC purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter worth approximately $169,000. Janus Henderson Group PLC raised its holdings in shares of BJs Wholesale Club by 20.0% during the 3rd quarter. Janus Henderson Group PLC now owns 60,000 shares of the company’s stock worth $1,607,000 after acquiring an additional 10,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter worth approximately $280,000. Finally, Strs Ohio purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter worth approximately $334,000. 62.33% of the stock is currently owned by institutional investors and hedge funds.

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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