Streetbeat News

BJ's Wholesale Club Holdings, Inc.

https://www.bjs.com

Industry

Discount Stores

BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app. As of June 10, 2022, it operated 229 warehouse clubs and 160 gas locations in 17 states. The company was formerly known as Beacon Holding Inc. and changed its name to BJ's Wholesale Club Holdings, Inc. in February 2018. BJ's Wholesale Club Holdings, Inc. was founded in 1984 and is headquartered in Westborough, Massachusetts.

Open

88.99

Mkt cap

12B

Volume

832K

High

91.25

P/E Ratio

22.56

52-wk high

92.37

Low

88.52

Div yield

N/A

52-wk low

63.08

DA Davidson analyst Michael Baker maintains a Buy rating on BJ's Wholesale Club (NYSE:BJ) and raises the price target from $92 to $95.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:43 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Notable changes include Stifel boosting Deckers Outdoor Corporation's price target, HC Wainwright & Co. cutting Calliditas Therapeutics' price target, Piper Sandler raising Chord Energy Corporation's price target, and Oppenheimer slashing Workday, Inc.'s price target. Other significant updates include Telsey Advisory Group cutting Ulta Beauty, Inc.'s price target, B of A Securities increasing Magnite, Inc.'s price target, and Mizuho raising Microchip Technology Incorporated's price target.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 12:08 pm

Baird analyst Peter Benedict maintains an Outperform rating on BJ's Wholesale Club (NYSE:BJ) and raises the price target from $90 to $95.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:03 pm

B of A Securities has maintained its Buy rating on BJ's Wholesale Club and raised the price target from $90 to $95.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 9:23 am

U.S. stocks traded lower with the Dow Jones falling over 550 points. BJ's Wholesale Club reported better-than-expected Q1 earnings. Shares of OneMedNet, Bicycle Therapeutics, and e.l.f. Beauty surged, while Banzai International, Cytokinetics, and Triumph Group saw significant declines.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:40 pm

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) reported Q1 FY24 earnings that beat analyst estimates, with revenue growth of 4.1% year-on-year to $4.918 billion. Despite a drop in operating income and adjusted EBITDA, the company saw increases in membership fee income and digitally enabled sales. BJ's reaffirmed its FY24 outlook and expects improvements in merchandise gross margins.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 12:44 pm

Wall Street is set for a strong open driven by Nvidia's positive earnings, with key economic data and a Federal Reserve official's speech also in focus. Nvidia's stock surged over 6.6% in premarket trading, while other notable movements include Snowflake, V.F. Corporation, and Zuora. Analysts suggest a bullish near-term market outlook, but caution on the potential impact of weak economic data.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 11:07 am

BJ's Wholesale Club reported Q1 2024 adjusted EPS of $0.85, beating the estimate of $0.83. Total revenues were $4.918 billion, surpassing the expected $4.831 billion.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:00 am

BJ's Wholesale Club (NYSE:BJ) reported Q1 2025 adjusted EPS of $0.85, beating the estimate of $0.83. Total revenues were $4.918 billion, surpassing the $4.831 billion estimate and showing a 4.13% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:46 am

Investor sentiment declined further after the release of Fed minutes, causing the Dow to tumble 200 points. Despite this, the CNN Money Fear and Greed index remained in the 'Greed' zone. Key earnings reports included better-than-expected results from TJX Companies and Williams-Sonoma, while Target reported weaker-than-expected earnings. Most sectors on the S&P 500 closed negatively, with utilities, energy, and materials stocks suffering the most. Investors are now awaiting earnings results from Medtronic, Ross Stores, and BJ’s Wholesale Club.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:16 am

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