$3.15 Billion in Sales Expected for BJs Wholesale Club Holdings Inc (BJ) This Quarter

Wall Street analysts expect BJs Wholesale Club Holdings Inc (NYSE:BJ) to report $3.15 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for BJs Wholesale Club’s earnings, with the highest sales estimate coming in at $3.26 billion and the lowest estimate coming in at $3.08 billion. The business is scheduled to report its next quarterly earnings results on Wednesday, June 5th.

On average, analysts expect that BJs Wholesale Club will report full-year sales of $13.35 billion for the current fiscal year, with estimates ranging from $13.13 billion to $13.45 billion. For the next fiscal year, analysts forecast that the business will post sales of $13.81 billion, with estimates ranging from $13.67 billion to $13.95 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for BJs Wholesale Club.

BJs Wholesale Club (NYSE:BJ) last released its earnings results on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.36 billion. BJs Wholesale Club’s revenue for the quarter was down 4.2% on a year-over-year basis.

Several equities research analysts recently issued reports on BJ shares. Barclays started coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They issued an “equal weight” rating for the company. Nomura reduced their target price on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Wells Fargo & Co raised shares of BJs Wholesale Club from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $29.00 in a report on Tuesday, January 22nd. Gordon Haskett raised shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Zacks Investment Research lowered shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.14.

BJs Wholesale Club stock opened at $27.40 on Friday. The company has a market capitalization of $3.73 billion and a P/E ratio of 24.04. BJs Wholesale Club has a 12-month low of $19.31 and a 12-month high of $32.92.

In other news, major shareholder Cvc European Equity V. Ltd sold 9,775,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.58, for a total transaction of $240,269,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kristyn M. Sugrue sold 4,552 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $25.25, for a total value of $114,938.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,299,319 shares of company stock valued at $253,607,591.

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of BJs Wholesale Club by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock valued at $26,000 after acquiring an additional 778 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of BJs Wholesale Club during the 4th quarter valued at approximately $73,000. Flagship Harbor Advisors LLC boosted its position in shares of BJs Wholesale Club by 47.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock valued at $75,000 after acquiring an additional 1,098 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BJs Wholesale Club during the 4th quarter valued at approximately $81,000. Finally, QS Investors LLC bought a new position in shares of BJs Wholesale Club during the 4th quarter valued at approximately $89,000. Hedge funds and other institutional investors own 82.58% 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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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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