Citi analyst Paul Lejuez notes BJ‘s Wholesale (BJ) reported EPS of $1.18, which includes an 11c legal settlement benefit that the firm does not believe was anticipated in guidance, versus consensus at 93c and the firm’s 95c forecast. BJ’s also announced they are increasing their membership fee as of January 1, notes the analyst, who expects shares to trade higher, but thinks that Q4 guidance below consensus “may ultimately limit stock upside.” Citi has a Neutral rating and $79 price target on BJ’s shares.
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Read More on BJ:
- Target price target lowered to $130 from $165 at Evercore ISI
- BJ’s Wholesale narrows FY24 adjusted EPS view to to $3.90-$4.00 from $3.75-$4.00
- BJ’s Wholesale announces plans for membership fee increase
- BJ’s Wholesale reports Q3 adjusted EPS $1.18, consensus 93c
- BJ’s Wholesale sees Q4 adjusted EPS 78c-88c, consensus 97c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
