Core Insights - BJ's Wholesale Club has opened its 40th club in Florida, featuring an on-site gas station and a Fuel Saver Program to provide low fuel prices [1] - The company is expanding its footprint, having opened three new clubs and four gas stations in Q3 of fiscal 2024, aiming to exceed its goal of 250 clubs by the fiscal year-end [2] Membership and Savings - BJ's members can maximize savings by combining BJ's coupons with manufacturers' coupons, and enjoy low fuel prices at its 182 gas locations through the Fuel Saver Program [3] - The company offers savings of up to 25% on grocery prices, with a 100% money-back membership guarantee [4] Growth Factors - BJ's growth is driven by simplifying product assortments, enhancing marketing, and expanding into high-demand categories, resulting in an 8.4% year-over-year increase in membership-fee income in Q3 of fiscal 2024 [5] - Membership reached 7.5 million, supported by strong renewal rates and effective member acquisition strategies [5] Operational Performance - The company reported a 3.8% growth in comparable club sales (excluding gas) in Q3, with traffic contributing over 4 percentage points to this increase [6] - Despite challenges like the East Coast port strike and hurricanes, BJ's exceeded expectations, demonstrating the resilience of its business model [6] Market Performance - BJ's shares have increased by 15.4% over the past three months, outperforming the industry's decline of 1.8% and the S&P 500's growth of 3.3% [14] - The stock is currently priced at a premium, with a forward price-to-earnings ratio of 22.59X compared to the industry's 7.33X, indicating that growth potential may already be reflected in the stock price [15]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are unde ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________ _______________________________ Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 BJ New York Stock Exchange FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF T ...

Have you been paying attention to shares of BJ's Wholesale Club (BJ) ? Shares have been on the move with the stock up 15.3% over the past month. The stock hit a new 52-week high of $99.91 in the previous session. BJ's Wholesale Club has gained 47.6% since the start of the year compared to the 15.4% move for the Zacks Consumer Discretionary sector and the 14.4% return for the Zacks Consumer Services - Miscellaneous industry.What's Driving the Outperformance?The stock has a great record of positive earnings s ...

Numerous stock buyback or repurchase authorization announcements were made throughout 2024. For the most part, they have become commonplace. A buyback authorization is not an obligation or requirement to buy back stock but more so permission to repurchase shares. The company has the option to buy stock whenever it chooses under the conditions of the buyback plan. This distinction is critical as investors tend to believe a stock repurchase authorization means the company is immediately and furiously buying i ...

My previous investment thought on BJ’s Wholesale Club Holdings (NYSE: BJ ) (published on 23 rd August) was a hold rating, mainly because of the high relative valuation that BJ traded at. I reiterate my hold rating. I believe the near-termI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the med ...

Bulk-buying, bargain-hunting shoppers have made the members-only discount store concept wildly successful. Costco Wholesale (COST 0.88%) and BJ's Wholesale Club (BJ 4.26%) are translating that popularity into strong growth and record profitability. At the time of this writing, shares of both companies are at an all-time high with Costco up 44% this year and BJ's up a similarly impressive 40%. Should you buy Costco or BJ's Wholesale stock now? Here's what you need to know. The case for BJ's Wholesale Club De ...

BJ’s Wholesale Club Holdings, Inc. (BJ) reported its third-quarter fiscal 2024 results, showcasing mixed performance. While revenues fell short of the Zacks Consensus Estimate, earnings surpassed expectations. Both metrics improved year over year, supported by decent comparable club sales growth.The Marlborough, MA-based company achieved a significant milestone by growing its membership base to 7.5 million members and announced its first membership fee hike in seven years. BJ’s unveiled a new $1 billion sha ...

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.Yesterday, the company reported third-quarter adjusted earnings per share of $1.18, beating the street view of 91 cents. Quarterly revenues of $5.10 billion were in line with the analyst consensus.BJ’s Wholesale Club expects fourth-quarter adjusted EPS to be between $0.78 and $0.88. For FY2024, adjusted EPS is forecasted at $3.90 – $4.00, up from previous guidance ...

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 202 ...