Zacks: Analysts Expect BJs Wholesale Club Holdings Inc (NYSE:BJ) Will Announce Quarterly Sales of $3.64 Billion

Equities research analysts expect that BJs Wholesale Club Holdings Inc (NYSE:BJ) will post sales of $3.64 billion for the current quarter, Zacks reports. Six analysts have issued estimates for BJs Wholesale Club’s earnings. The lowest sales estimate is $3.37 billion and the highest is $3.93 billion. BJs Wholesale Club posted sales of $3.35 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is expected to announce its next earnings report on Thursday, August 27th.

According to Zacks, analysts expect that BJs Wholesale Club will report full year sales of $14.37 billion for the current financial year, with estimates ranging from $13.39 billion to $15.28 billion. For the next financial year, analysts forecast that the company will post sales of $14.14 billion, with estimates ranging from $13.83 billion to $14.44 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow BJs Wholesale Club.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.32. BJs Wholesale Club had a net margin of 1.78% and a negative return on equity of 360.57%. The business 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 company earned $0.26 EPS. The firm’s quarterly revenue was up 21.1% on a year-over-year basis.

BJ has been the subject of a number of recent analyst reports. Stephens restated an “equal weight” rating and issued a $22.00 price objective on shares of BJs Wholesale Club in a research report on Tuesday, May 19th. ValuEngine cut BJs Wholesale Club from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup increased their target price on BJs Wholesale Club from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. They noted that the move was a valuation call. Gordon Haskett upgraded BJs Wholesale Club from a “hold” rating to a “buy” rating in a report on Monday, March 16th. Finally, UBS Group increased their target price on BJs Wholesale Club from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. BJs Wholesale Club presently has an average rating of “Buy” and an average price target of $35.84.

In related news, Director Christopher J. Baldwin sold 7,466 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $27.21, for a total value of $203,149.86. Following the completion of the sale, the director now directly owns 524,450 shares in the company, valued at approximately $14,270,284.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher J. Baldwin sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $27.00, for a total transaction of $27,000.00. Following the completion of the sale, the director now owns 350,897 shares of the company’s stock, valued at $9,474,219. The disclosure for this sale can be found here. Insiders sold a total of 707,631 shares of company stock valued at $19,214,568 in the last 90 days. 4.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of BJ. JPMorgan Chase & Co. lifted its position in BJs Wholesale Club by 32.6% during the first quarter. JPMorgan Chase & Co. now owns 6,261,647 shares of the company’s stock worth $159,484,000 after acquiring an additional 1,539,182 shares during the last quarter. Norges Bank acquired a new stake in BJs Wholesale Club during the fourth quarter worth approximately $32,638,000. River Road Asset Management LLC lifted its position in BJs Wholesale Club by 93.7% during the fourth quarter. River Road Asset Management LLC now owns 2,542,691 shares of the company’s stock worth $57,821,000 after acquiring an additional 1,229,962 shares during the last quarter. Franklin Resources Inc. acquired a new stake in BJs Wholesale Club during the fourth quarter worth approximately $27,568,000. Finally, Bank of New York Mellon Corp lifted its position in BJs Wholesale Club by 169.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,298,468 shares of the company’s stock worth $29,527,000 after acquiring an additional 816,940 shares during the last quarter.

Shares of BJ traded down $0.04 during trading hours on Monday, reaching $36.93. The stock had a trading volume of 1,788,936 shares, compared to its average volume of 2,626,289. The company has a quick ratio of 0.22, a current ratio of 0.81 and a debt-to-equity ratio of 103.12. BJs Wholesale Club has a 52 week low of $18.84 and a 52 week high of $39.00. The firm has a 50-day moving average of $35.20 and a 200 day moving average of $26.58. The company has a market cap of $5.12 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.23 and a beta of 0.35.

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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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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