BJ’s Wholesale Club (NYSE:BJ – Get Rating) posted its quarterly earnings data on Tuesday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01, Yahoo Finance reports. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 53.66%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis.
BJ’s Wholesale Club Stock Performance
Shares of NYSE BJ opened at $63.52 on Thursday. BJ’s Wholesale Club has a one year low of $53.86 and a one year high of $80.41. The business’s 50-day moving average price is $74.26 and its two-hundred day moving average price is $72.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.70 and a quick ratio of 0.13. The company has a market capitalization of $8.51 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48.
In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 7,059 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $77.09, for a total transaction of $544,178.31. Following the transaction, the executive vice president now directly owns 84,822 shares of the company’s stock, valued at $6,538,927.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Credit Suisse Group lifted their price target on BJ’s Wholesale Club from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 10th. JPMorgan Chase & Co. dropped their target price on shares of BJ’s Wholesale Club from $65.00 to $62.00 in a report on Wednesday. Citigroup dropped their price target on BJ’s Wholesale Club from $83.00 to $74.00 in a report on Wednesday. Bank of America decreased their target price on BJ’s Wholesale Club from $87.00 to $85.00 in a report on Tuesday. Finally, Roth Capital reissued a “neutral” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, BJ’s Wholesale Club has an average rating of “Hold” and an average target price of $74.25.
BJ’s Wholesale Club Company Profile
BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.
- Get a free copy of the StockNews.com research report on BJ’s Wholesale Club (BJ)
- Upbeat Analysts Project Promising Prospects For Iridium Stock
- 2 Energy Mid-Caps Expected To Post Monster Earnings Growth
- Meet the Nasdaq’s 3 Biggest Dividend Payers
- Analog Devices Signals A Top For Semiconductor Stocks
- Pfizer Has the Prescription for Higher Share Prices
Receive News & Ratings for BJ's Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJ's Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.