BJ
BJ's Wholesale Club Holdings, Inc.
BJ's fundamentals are mixed, but it looks expensive: trading at 24x earnings, above its usual 20x. Analysts expect earnings growth.
BJ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
BJ's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
BJ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $78.63 | -29% |
| Fair | 20x | $92.32 | -17% |
| Forward | 22x | $111 | — |
| Expensive | 23x | $103 | -7.3% |
| Current | 24x | $111 | — |
Historical ranges are pointers, not guarantees.
BJ's PE is in its expensive range at 24x. If earnings grow as analysts expect, today's price would be 22x next year's earnings.
BJ Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for BJ, with profitability holding steady.
BJ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.96 | +8.6% |
| Q3 2026 | $4.57 | +4.8% |
| Q2 2026 | $4.35 | +1.2% |
| Q1 2026 | $4.38 | +9.5% |
| Q4 2025 | $4.34 | +4.1% |
| Q3 2025 | $4.36 | +9.8% |
| Q2 2025 | $4.30 | +11% |
| Q1 2025 | $4.00 | +3.1% |
| Q4 2024 | $4.17 | +11% |
BJ's earnings per share have climbed steadily: $4.57 over the past year, up 4.8% from the year before, and higher year over year every quarter since late 2020.
BJ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.2B | +16% |
| Q2 2026 | $5.7B | +9.9% |
| Q1 2026 | $5.6B | +5.6% |
| Q4 2025 | $5.3B | +4.9% |
| Q3 2025 | $5.4B | +3.4% |
| Q2 2025 | $5.2B | +4.8% |
| Q1 2025 | $5.3B | -1.5% |
| Q4 2024 | $5.1B | +3.5% |
BJ's revenue has grown year over year for six quarters in a row: $6.2B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4% | 0 points |
| Q2 2026 | 3.7% | -0.3 points |
| Q1 2026 | 3.2% | -0.2 points |
| Q4 2025 | 4.1% | -0.4 points |
| Q3 2025 | 4% | +0.1 points |
| Q2 2025 | 4% | +0.7 points |
| Q1 2025 | 3.4% | -0.6 points |
| Q4 2024 | 4.5% | +0.5 points |
BJ's operating margin was 4% last quarter, about level with the same quarter a year ago.
BJ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $224.1M | +166% |
| Q2 2026 | -$42M | -162% |
| Q1 2026 | $189.9M | +70% |
| Q4 2025 | -$13.7M | -173% |
| Q3 2025 | $84.3M | -3.6% |
| Q2 2025 | $67.6M | -29% |
| Q1 2025 | $111.5M | -28% |
| Q4 2024 | $18.8M | -54% |
BJ still generates free cash flow, though less than at its 2020 peak: $358M over the past year.
BJ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.6M shares |
| 1 year | -3.6% | -4.8M shares |
| 3 years | -5.5% | -7.4M shares |
| 5 years | -7.6% | -10.5M shares |
| Available history | -7.6% | -10.5M shares |
BJ has 128M diluted shares, down 3.6% from a year ago, with $553M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $123M |
| Q2 2026 | $225.7M |
| Q1 2026 | $116.6M |
| Q4 2025 | $87.3M |
| Q3 2025 | $41.6M |
| Q2 2025 | $41.3M |
| Q1 2025 | $61.6M |
| Q4 2024 | $58.1M |
BJ spent $553M buying back its own shares over the past year, up 173% from the year before.
BJ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
BJ's net debt is less than a year of its operating earnings (EBITDA).
BJ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.4 | Neutral |
| Stochastic | 90.4 | Overbought |
BJ's weekly RSI is 69 (neutral) and its Stochastic is 90 (overbought).
BJ PE vs Consumer Defensive Sector
| Metric | BJ | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 19x | 24% above |
| PE % | 93 | 18 | 75 pts above |
BJ is trading at 24x earnings, a 24% premium to the Consumer Defensive sector's median of 19x.
BJ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $103.0 | 7.7% above |
| 20 week MA | $96.9 | 14% above |
| 50 week MA | $95.1 | 17% above |
| 100 week MA | $99.1 | 12% above |
| 200 week MA | $87.1 | 27% above |
BJ is in an uptrend: it's above all five of its weekly moving averages, and 27% above its 200-week average.
BJ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.8 | $38.2 | +68% |
| 2021 | $38.2 | $64.3 | +68% |
| 2022 | $64.3 | $66.8 | +3.9% |
| 2023 | $66.8 | $66.7 | -0.1% |
| 2024 | $66.7 | $92.8 | +39% |
| 2025 | $92.8 | $93.9 | +1.1% |
| 2026 YTD | $93.9 | $110.9 | +18% |
BJ has finished higher in five of the last six years, two of them by more than 50%. It's up 18% so far in 2026.