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

BJs Wholesale Club (NYSE:BJ) released 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. BJs Wholesale Club had a negative return on equity of 102.69% and a net margin of 1.59%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. BJs Wholesale Club updated its FY 2019 guidance to $1.42-1.50 EPS.

Shares of BJs Wholesale Club stock opened at $25.03 on Friday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 17.73, a PEG ratio of 1.61 and a beta of 1.55. The stock has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $25.70. BJs Wholesale Club has a 12-month low of $19.31 and a 12-month high of $32.92.

A number of research firms recently commented on BJ. UBS Group increased their price objective on BJs Wholesale Club from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank increased their price objective on BJs Wholesale Club from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research downgraded BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Morgan Stanley increased their price objective on BJs Wholesale Club from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Goldman Sachs Group began coverage on BJs Wholesale Club in a report on Thursday, July 11th. They issued a “buy” rating and a $29.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.91.

In other BJs Wholesale Club news, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $24.53, for a total transaction of $214,637,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Werner sold 6,515 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $26.24, for a total value of $170,953.60. The disclosure for this sale can be found here. Insiders have sold 9,045,786 shares of company stock valued at $222,215,737 in the last ninety days. Company insiders own 17.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in BJs Wholesale Club during the second quarter worth approximately $45,000. Aperio Group LLC bought a new stake in BJs Wholesale Club during the second quarter worth approximately $58,000. Acadian Asset Management LLC bought a new stake in BJs Wholesale Club during the second quarter worth approximately $87,000. Oppenheimer Asset Management Inc. boosted its position in BJs Wholesale Club by 18.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,889 shares of the company’s stock worth $107,000 after purchasing an additional 606 shares during the period. Finally, Quantamental Technologies LLC boosted its position in BJs Wholesale Club by 4,303.0% during the second quarter. Quantamental Technologies LLC now owns 4,403 shares of the company’s stock worth $116,000 after purchasing an additional 4,303 shares during the period. 98.74% of the stock is owned by hedge funds and other institutional investors.

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 for BJs Wholesale Club (NYSE:BJ)

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