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bj's wholesale club reports strong earnings but misses revenue estimates
BJ's Wholesale Club reported earnings per share of $0.93, exceeding estimates of $0.86, with quarterly revenue of $5.28 billion, slightly below the $5.29 billion forecast. The company has a net margin of 2.71% and a return on equity of 35.41%. Insider trading saw significant sales, with executives reducing their stakes, while Barclays PLC increased its holdings by over 104%. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $110.82.
bj's wholesale club sees insider sales and institutional investment activity
BJ's Wholesale Club's CEO now owns 445,792 shares valued at approximately $35.4 million, reflecting a 2.41% decrease in ownership. Institutional investors hold 98.60% of the stock, with FMR LLC and Massachusetts Financial Services making significant increases in their stakes. UBS Group raised its price target for BJ to $108, indicating an 11.64% potential upside.
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