BJs Wholesale Club Holdings (BJ) Stock

I reiterate my hold rating on BJ's Wholesale Club Holdings due to its high relative valuation despite a sound near-term fundamental outlook. BJ's 3Q24 results showed strong revenue growth, margin expansion, and a significant EPS beat, driven by robust same-store sales growth and increased membership fees. BJ announced its first membership fee increase in seven years, expected to positively impact financials without major churn.

BJ's Wholesale beats earnings estimates, grows its membership base and unveils a $1B buyback. Fiscal 2024 guidance raised amid strategic initiatives.

DA Davidson analyst Michael Baker reiterated the Buy rating on BJ's Wholesale Club Holdings, Inc. BJ, raising the price forecast to $110 from $95.

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ ) Q3 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Cathy Park - IR Bob Eddy - Chairman & CEO Laura Felice - CFO Bill Werner - EVP, Strategy & Development Conference Call Participants Peter Benedict - Baird Robby Ohmes - Bank of America Edward Kelly - Wells Fargo Kate McShane - Goldman Sachs Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Operator Welcome all and thank you for joining us for the BJ's Wholesale Club Q3 2024 Earnings Conference Call. My name is Carly, and I'll be coordinating your call today.

The cost of a BJ's Wholesale Club membership will get pricier in January, when the company plans to raise its standard membership to $60 and its Club+ membership to $120.

Initial Claims Reaffirm a Resilient Labor Market.

While the top- and bottom-line numbers for BJ's (BJ) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

BJ's Wholesale Club Holdings Inc   (NYSE:BJ) reported a profit beat for the third quarter , and raised its annual profit forecast.

BJ's Wholesale Club (BJ) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.98 per share a year ago.