BJs Wholesale Club (NYSE:BJ) released its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01, RTT News reports. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. BJs Wholesale Club updated its FY 2019 guidance to $1.42-1.50 EPS and its FY20 guidance to $1.42-1.50 EPS.

NYSE BJ opened at $26.15 on Friday. BJs Wholesale Club has a 12 month low of $19.31 and a 12 month high of $32.92. The firm has a market cap of $3.55 billion and a price-to-earnings ratio of 22.94.

A number of research firms recently weighed in on BJ. Citigroup raised their price target on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wells Fargo & Co raised their price target on shares of BJs Wholesale Club from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Gordon Haskett raised shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Barclays began coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They set an “equal weight” rating for the company. Finally, Evercore ISI began coverage on shares of BJs Wholesale Club in a report on Wednesday, March 20th. They set an “outperform” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.21.

In other news, EVP Robert W. Eddy sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $29.00, for a total value of $580,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kristyn M. Sugrue sold 4,552 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $25.25, for a total transaction of $114,938.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,240,551 shares of company stock worth $253,069,037 over the last quarter. 17.70% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of BJ. PNC Financial Services Group Inc. lifted its position in shares of BJs Wholesale Club by 201.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after buying an additional 778 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of BJs Wholesale Club in the 4th quarter worth about $73,000. Flagship Harbor Advisors LLC lifted its position in BJs Wholesale Club by 47.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock valued at $75,000 after purchasing an additional 1,098 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BJs Wholesale Club in the 4th quarter valued at about $81,000. Finally, QS Investors LLC bought a new stake in BJs Wholesale Club in the 4th quarter valued at about $89,000. Institutional investors own 90.61% of the company’s stock.

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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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