BJ’s Wholesale Club (NYSE:BJ) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

BJ’s Wholesale Club (NYSE:BJ – Get Rating) released its quarterly earnings results on Tuesday. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01, Yahoo Finance reports. BJ’s Wholesale Club had a return on equity of 60.16% and a net margin of 2.66%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $63.52 on Thursday. The business has a 50 day simple moving average of $74.26 and a two-hundred day simple moving average of $72.64. BJ’s Wholesale Club has a 12 month low of $53.86 and a 12 month high of $80.41. The stock has a market capitalization of $8.51 billion, a P/E ratio of 16.94, a PEG ratio of 1.90 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.67 and a quick ratio of 0.13.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley dropped their target price on BJ’s Wholesale Club from $77.00 to $72.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on BJ’s Wholesale Club from $89.00 to $77.00 in a research note on Wednesday. Roth Capital reiterated a “neutral” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 10th. Credit Suisse Group boosted their price target on BJ’s Wholesale Club from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 10th. Finally, Evercore ISI boosted their price target on BJ’s Wholesale Club from $75.00 to $80.00 in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.25.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 7,059 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $77.09, for a total transaction of $544,178.31. Following the completion of the transaction, the executive vice president now owns 84,822 shares of the company’s stock, valued at $6,538,927.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently made changes to their positions in BJ. Ameriprise Financial Inc. grew its position in BJ’s Wholesale Club by 11.8% in the first quarter. Ameriprise Financial Inc. now owns 834,394 shares of the company’s stock worth $63,395,000 after acquiring an additional 88,195 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of BJ’s Wholesale Club by 5.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after buying an additional 179 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of BJ’s Wholesale Club by 231.6% during the first quarter. Rockefeller Capital Management L.P. now owns 8,147 shares of the company’s stock worth $618,000 after buying an additional 5,690 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of BJ’s Wholesale Club by 118.0% during the first quarter. Thrivent Financial for Lutherans now owns 1,548,515 shares of the company’s stock worth $117,795,000 after buying an additional 838,036 shares during the period. Finally, Atlas Capital Advisors LLC purchased a new position in shares of BJ’s Wholesale Club during the first quarter worth $141,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

About BJ’s Wholesale Club

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BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.