BJs Wholesale Club (NYSE:BJ) Issues FY 2019 Earnings Guidance
BJs Wholesale Club (NYSE:BJ) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.42-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48. The company issued revenue guidance of $12.9-13.2 billion, compared to the consensus revenue estimate of $13.36 billion.
A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of BJs Wholesale Club from a hold rating to a sell rating in a research report on Monday, August 12th. Deutsche Bank started coverage on shares of BJs Wholesale Club in a report on Monday, July 15th. They issued a buy rating and a $29.00 target price on the stock. Morgan Stanley set a $28.00 target price on shares of BJs Wholesale Club and gave the company a hold rating in a report on Friday, May 24th. Zacks Investment Research lowered shares of BJs Wholesale Club from a buy rating to a hold rating in a report on Monday, July 22nd. Finally, Goldman Sachs Group started coverage on shares of BJs Wholesale Club in a report on Thursday, July 11th. They issued a buy rating and a $29.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $30.70.
Shares of BJ stock opened at $25.28 on Thursday. The firm’s 50 day moving average price is $23.71 and its 200-day moving average price is $25.71. BJs Wholesale Club has a one year low of $19.31 and a one year high of $32.92. The firm has a market cap of $3.01 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.32 and a beta of 1.55.
In related news, CEO Christopher J. Baldwin sold 30,147 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $24.73, for a total transaction of $745,535.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,014,271 shares of company stock worth $221,389,034. Company insiders own 17.70% 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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