BJs Wholesale Club (NYSE:BJ) Posts Earnings Results, Beats Estimates By $0.02 EPS

BJs Wholesale Club (NYSE:BJ) posted its quarterly earnings data on Thursday. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02, Morningstar.com reports. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.39 billion. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. BJs Wholesale Club updated its FY 2019 guidance to $1.42-1.50 EPS.

Shares of BJ opened at $22.55 on Thursday. BJs Wholesale Club has a 12-month low of $19.31 and a 12-month high of $32.92. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.32 and a beta of 1.55. The stock’s 50-day moving average price is $23.71 and its 200 day moving average price is $25.71.

In other BJs Wholesale Club news, EVP Lee Delaney sold 10,000 shares of BJs Wholesale Club stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $24.74, for a total transaction of $247,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Baldwin sold 30,147 shares of BJs Wholesale Club stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $24.73, for a total value of $745,535.31. The disclosure for this sale can be found here. Insiders have sold 9,014,271 shares of company stock worth $221,389,034 over the last 90 days. Corporate insiders own 17.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA acquired a new stake in BJs Wholesale Club during the second quarter valued at approximately $2,297,000. Royal Bank of Canada boosted its holdings in BJs Wholesale Club by 41.6% during the second quarter. Royal Bank of Canada now owns 19,935 shares of the company’s stock valued at $527,000 after purchasing an additional 5,858 shares in the last quarter. Verition Fund Management LLC acquired a new stake in BJs Wholesale Club during the second quarter valued at approximately $439,000. York Capital Management Global Advisors LLC acquired a new stake in BJs Wholesale Club during the second quarter valued at approximately $6,185,000. Finally, Eaton Vance Management acquired a new stake in BJs Wholesale Club during the second quarter valued at approximately $6,901,000. 98.74% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on BJ. Goldman Sachs Group began coverage on BJs Wholesale Club in a research note on Thursday, July 11th. They issued a “buy” rating and a $29.00 price objective on the stock. ValuEngine lowered BJs Wholesale Club from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Deutsche Bank began coverage on BJs Wholesale Club in a research note on Monday, July 15th. They issued a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research lowered BJs Wholesale Club from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley set a $28.00 price objective on BJs Wholesale Club and gave the stock a “hold” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.70.

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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