Long Position on BJ @ $74.60 on 5/3/2023 (Fundamentals)

BJ's Wholesale Club Holdings, Inc. (BJ) operates warehouse clubs on the eastern half of the United States. Stockwinners

It provides perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services.

The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.

The company was formerly known as Beacon Holding Inc. and changed its name to BJ's Wholesale Club Holdings, Inc. in February 2018. 

On March 9th, 2023 BJ reported Quarter January 2023 earnings of $1.00 per share on revenue of $4.9 billion. The consensus earnings estimate was $0.89 per share on revenue of $4.8 billion. Revenue grew 13.1% on a year-over-year basis.

The company said it expects fiscal 2023 earnings of approximately $3.92 per share. The prior consensus earnings estimate was $3.86 per share for the year ending January 31, 2024. 

The Company reports on May 23rd.

Shares are sitting on a trendline support that coincides with the stock's 50-day moving average. Higher share prices are expected.

 

Entry Point: $74.60

Trading Range: $51.45 - $80.41

Stop Loss: $71.00

Target Price: $82.00

Position closed on 5/19/2023 at price of $71.00 with a -4.83% loss in 16 days.

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