BJ's Wholesale Positioned As One Of Few Big-box Retailers With Long-Term Growth Potential – Analyst Highlights Membership, Sales, And Digital Performance

Benzinga11-23 02:49

DA Davidson analyst Michael Baker reiterated the Buy rating on BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ), raising the price forecast to $110 from $95. Yesterday, the company reported third-quarter ...

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(NYSE:BJ), raising the price forecast to $110 from $95.\nYesterday, the company reported third-quarter ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bjs-wholesale-positioned-one-few-184925175.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BJ's Wholesale Positioned As One Of Few Big-box Retailers With Long-Term Growth Potential – Analyst Highlights Membership, Sales, And Digital Performance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBJ's Wholesale Positioned As One Of Few Big-box Retailers With Long-Term Growth Potential – Analyst Highlights Membership, Sales, And Digital Performance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 02:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bjs-wholesale-positioned-one-few-184925175.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DA Davidson analyst Michael Baker reiterated the Buy rating on BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ), raising the price forecast to $110 from $95.\nYesterday, the company reported third-quarter ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bjs-wholesale-positioned-one-few-184925175.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BJ","symbol_name":"BJ批发俱乐部","start_time":0,"source_url":"https://finance.yahoo.com/news/bjs-wholesale-positioned-one-few-184925175.html","article_id":"2485929001","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485929001","pubTimestamp":1732301365,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"DA Davidson analyst Michael Baker reiterated the Buy rating on BJ’s Wholesale Club Holdings, Inc. , 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.With plenty of room to grow its store base, BJ’s is positioned as one of the rare long-term square footage growth stories in the big-box retail sector. Recent successes also allow BJ’s to raise fees, which, while benefiting customers, will ultimately be advantageous for shareholders, the analyst writes.The analyst highlights BJ’s strategy to compete with Costco Wholesale by focusing on differentiating itself, especially in the grocery and fresh produce areas.BJ’s grocery sales make up 77% of its total, compared to Costco’s 54%. Per Bake, BJ’s aims to replace weekly grocery trips, while Costco is more about stock-up shopping.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BJ":"BJ批发俱乐部"},"translate_title":"BJ's Wholesale被定位为少数具有长期增长潜力的大型零售商之一——分析师强调会员、销售和数字绩效","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BJ":1},"content_text":"DA Davidson analyst Michael Baker reiterated the Buy rating on BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ), raising the price forecast to $110 from $95.\nYesterday, 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.\nBJ’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 for a low end of $3.75 – $4.00 and against the consensus estimate of $3.85.\nThe analyst notes that BJ has had another strong quarter, showing improvements in key areas like membership, sales, and digital performance.\nBJ’s Wholesale Club expects fourth quarter comparable club sales, excluding gasoline, to rise 2.5% – 3.0% year-over-year.\nWith plenty of room to grow its store base, BJ’s is positioned as one of the rare long-term square footage growth stories in the big-box retail sector. Recent successes also allow BJ’s to raise fees, which, while benefiting customers, will ultimately be advantageous for shareholders, the analyst writes.\nThe analyst highlights BJ’s strategy to compete with Costco Wholesale by focusing on differentiating itself, especially in the grocery and fresh produce areas.\nBJ’s grocery sales make up 77% of its total, compared to Costco’s 54%. Per Bake, BJ’s aims to replace weekly grocery trips, while Costco is more about stock-up shopping.\nTheir “Fresh 2.0” program, launched 18 months ago, improves perishable and produce offerings through supply chain investments, better vendor relations, and enhanced in-store experiences.\nThe program has shown positive results, with strong produce sales and customers spending more, leading to significantly higher annual spending, the analyst adds.\nPrice Action: BJ shares are trading higher by 3.78% to $96.30 at last check Friday.\nRead Next:\n\nChinese Fabless Integrated Circuit Company Nano Labs Stock Skyrockets With New V Series Launch: Details\n\nLatest Ratings for BJ\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nMar 2022\nDeutsche Bank\nMaintains\n\nBuy\n\n\nMar 2022\nCredit Suisse\nMaintains\n\nOutperform\n\n\nFeb 2022\nDeutsche Bank\nUpgrades\nHold\nBuy\n\n\n\n View More Analyst Ratings for BJ \n View the Latest Analyst Ratings \nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article BJ's Wholesale Positioned As One Of Few Big-box Retailers With Long-Term Growth Potential – Analyst Highlights Membership, Sales, And Digital Performance originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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