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

87.88

Mkt cap

12B

Volume

931K

High

89.00

P/E Ratio

22.38

52-wk high

92.37

Low

87.20

Div yield

N/A

52-wk low

63.08

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

Key stocks to watch today include BJ's Wholesale Club, Nvidia, Medtronic, DuPont, and Ross Stores. Nvidia reported strong financial results and announced a stock split and dividend increase. DuPont plans to split into three companies and has a new CEO. BJ's, Medtronic, and Ross Stores are expected to release their earnings reports.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:02 am

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is expected to report lower Q1 earnings of 83 cents per share, down from 85 cents per share a year ago, with projected revenue of $4.83 billion. Analysts have recently adjusted their ratings and price targets for the company.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 5:41 am

BJ's Wholesale Club (NYSE:BJ) has seen a 39.33% increase in its short percent of float, now at 12.01% of all regular shares available for trading. This is significantly higher than its peer group average of 2.48%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

Shares of retail companies and discount stores are trading higher in sympathy with Walmart, which reported better-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:38 pm

BJ's Wholesale Club (NYSE:BJ) has significantly outperformed the market over the past 5 years, delivering an average annual return of 25.54%. A $100 investment in BJ stock 5 years ago would be worth $314.44 today.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 2:30 pm

BJ's Wholesale Club (NYSE:BJ) has been the subject of diverse analyst ratings over the last three months, with a total of 13 analysts offering opinions ranging from bullish to bearish. Recent updates show a shift towards a more positive outlook, with the average 12-month price target for BJ's stock rising to $81.62 from $77.00, a 6.0% increase. Analyst actions include both upgrades and downgrades, with price targets ranging from $62.00 to $92.00. The company has shown solid financial performance, including revenue growth of 8.68% as of January 31, 2024, a net margin of 2.72%, and an ROE of 10.37%, despite a high debt-to-equity ratio of 2.05.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:02 pm

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