BJs Wholesale Club (BJ) Issues Earnings Results, Beats Expectations By $0.01 EPS
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.
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.
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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