BJs Wholesale Club (NYSE:BJ) Stock Price Up 3.8% Following Better-Than-Expected Earnings

BJs Wholesale Club Holdings Inc (NYSE:BJ)’s stock price rose 3.8% on Friday after the company announced better than expected quarterly earnings. The company traded as high as $35.45 and last traded at $36.59, approximately 356,985 shares traded hands during mid-day trading. A decline of 85% from the average daily volume of 2,316,314 shares. The stock had previously closed at $35.25.

The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.32. BJs Wholesale Club had a net margin of 1.42% and a negative return on equity of 172.28%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the business earned $0.26 EPS. BJs Wholesale Club’s quarterly revenue was up 21.1% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of BJs Wholesale Club from $29.00 to $37.00 and gave the company an “equal weight” rating in a research report on Friday. Bank of America lifted their price target on shares of BJs Wholesale Club from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. Gordon Haskett upgraded shares of BJs Wholesale Club from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Zacks Investment Research upgraded shares of BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, April 22nd. Finally, Nomura lifted their price target on shares of BJs Wholesale Club from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. BJs Wholesale Club currently has a consensus rating of “Buy” and a consensus target price of $35.32.

In other BJs Wholesale Club news, Director Christopher J. Baldwin sold 114,528 shares of BJs Wholesale Club stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $27.52, for a total transaction of $3,151,810.56. Following the sale, the director now directly owns 350,897 shares of the company’s stock, valued at approximately $9,656,685.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert W. Eddy sold 19,160 shares of BJs Wholesale Club stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $27.10, for a total value of $519,236.00. Following the sale, the executive vice president now directly owns 225,606 shares in the company, valued at $6,113,922.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 684,825 shares of company stock worth $17,994,575. 4.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of BJ. JPMorgan Chase & Co. boosted its position in BJs Wholesale Club by 32.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,261,647 shares of the company’s stock valued at $159,484,000 after acquiring an additional 1,539,182 shares in the last quarter. Norges Bank bought a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $32,638,000. State Street Corp boosted its position in shares of BJs Wholesale Club by 51.4% in the 4th quarter. State Street Corp now owns 3,710,734 shares of the company’s stock worth $84,382,000 after purchasing an additional 1,259,721 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of BJs Wholesale Club by 93.7% in the 4th quarter. River Road Asset Management LLC now owns 2,542,691 shares of the company’s stock worth $57,821,000 after purchasing an additional 1,229,962 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $27,568,000.

The business has a 50-day moving average price of $26.76 and a 200 day moving average price of $24.11. The stock has a market capitalization of $4.01 billion, a P/E ratio of 28.25, a PEG ratio of 1.53 and a beta of 0.17.

BJs Wholesale Club Company Profile (NYSE:BJ)

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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