Equities research analysts forecast that BJs Wholesale Club Holdings Inc (NYSE:BJ) will post sales of $3.43 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for BJs Wholesale Club’s earnings. The highest sales estimate is $3.57 billion and the lowest is $3.34 billion. The business is expected to report its next quarterly earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that BJs Wholesale Club will report full-year sales of $13.02 billion for the current financial year, with estimates ranging from $12.66 billion to $13.54 billion. For the next financial year, analysts anticipate that the business will post sales of $13.41 billion, with estimates ranging from $13.02 billion to $14.02 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for BJs Wholesale Club.
BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Tuesday, November 20th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.16 billion. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS.
A number of equities analysts have recently issued reports on BJ shares. Loop Capital upped their price target on BJs Wholesale Club to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Northcoast Research began coverage on BJs Wholesale Club in a research report on Tuesday, September 25th. They issued a “buy” rating and a $38.00 target price on the stock. Citigroup began coverage on BJs Wholesale Club in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 target price on the stock. CIBC began coverage on BJs Wholesale Club in a research report on Thursday, October 18th. They issued a “market perform” rating on the stock. Finally, Oppenheimer began coverage on BJs Wholesale Club in a research report on Wednesday, October 17th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.85.
In other news, Director Tommy Yin sold 15,034,658 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $26.00, for a total transaction of $390,901,108.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Graham Luce sold 31,523 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $790,912.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,430,535 shares of company stock worth $400,833,662.
Several hedge funds have recently bought and sold shares of BJ. Amica Retiree Medical Trust purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter worth about $114,000. Tower Research Capital LLC TRC purchased a new stake in shares of BJs Wholesale Club during the 3rd quarter worth about $169,000. Jane Street Group LLC purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter worth about $280,000. Bank of New York Mellon Corp purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter worth about $298,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter worth about $311,000. 83.77% of the stock is currently owned by institutional investors and hedge funds.
NYSE:BJ traded down $0.16 during trading hours on Wednesday, reaching $23.46. The company’s stock had a trading volume of 1,283,670 shares, compared to its average volume of 1,758,963. BJs Wholesale Club has a 12 month low of $19.31 and a 12 month high of $32.92.
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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