BJ's Wholesale Club (NYSE:BJ) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• BJ's Wholesale Club reported a quarterly earnings of $1.14 per share, exceeding the consensus estimate of $1.10 by $0.04.
• Analysts have raised their price targets for BJ's stock, with Morgan Stanley increasing their target to $125.00 and DA Davidson raising it to $140.00.
• Insider sales have been significant, with executives Paul Cichocki and Robert W. Eddy selling large amounts of stock, decreasing their ownership percentage significantly.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) posted its quarterly earnings results on Friday. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04, Zacks reports. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. BJ's Wholesale Club updated its FY 2025 guidance to 4.200-4.35 EPS.

BJ's Wholesale Club Price Performance

NYSE BJ opened at $106.2160 on Friday. The company has a market cap of $14.03 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. BJ's Wholesale Club has a 52 week low of $76.33 and a 52 week high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $107.44 and its two-hundred day simple moving average is $110.03.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BJ. Morgan Stanley increased their price target on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. DA Davidson increased their price target on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Robert W. Baird increased their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, Evercore ISI increased their price target on shares of BJ's Wholesale Club from $115.00 to $117.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.33.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president directly owned 114,127 shares of the company's stock, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the sale, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,061 shares of company stock valued at $15,027,745 over the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ's Wholesale Club

A number of institutional investors and hedge funds have recently modified their holdings of BJ. Florida Financial Advisors LLC raised its stake in BJ's Wholesale Club by 17.4% in the second quarter. Florida Financial Advisors LLC now owns 2,404 shares of the company's stock valued at $259,000 after purchasing an additional 356 shares in the last quarter. Rafferty Asset Management LLC raised its stake in BJ's Wholesale Club by 9.8% in the second quarter. Rafferty Asset Management LLC now owns 5,609 shares of the company's stock valued at $605,000 after purchasing an additional 502 shares in the last quarter. MML Investors Services LLC raised its stake in BJ's Wholesale Club by 3.6% in the second quarter. MML Investors Services LLC now owns 16,073 shares of the company's stock valued at $1,733,000 after purchasing an additional 566 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of BJ's Wholesale Club by 1.1% during the second quarter. Treasurer of the State of North Carolina now owns 61,049 shares of the company's stock worth $6,583,000 after acquiring an additional 691 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of BJ's Wholesale Club during the second quarter worth approximately $80,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ's Wholesale Club Company Profile

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.

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