Insider Trading : Tue 9/19/23

Notable purchases -- CFO adds to IRWD; notable sales -- CEO and EVP active in BJ

Buyers:

• ENPH Director bought 32,600 shares at $122.36 - $123.18 worth more than $4 mln.
• IRWD SVP, Chief Financial Officer bought 36,072 shares at $8.31 - $8.33 worth ~$300K.
• JYNT 10% owner Bandera Partners bought another 77,436 shares at ~$8.94 - $9.50 worth ~$717K.
• SMTC Director bought 20,000 shares at $24.826 worth ~$497K.
• SOL Chairman / 10% owner bought 143,754 shares at $3.06 - $3.08 worth ~$441K.
• STEM Director bought 62,000 shares at $4.82 worth ~$299K.

Sellers:

• BJ President & CEO and EVP -Strategy & Development sold 37,243 shares at $70.00 - $71.15 worth ~$2.6 mln.
• CRVL Chairman sold 5,000 shares at $200.0159 worth ~$1.0 mln.
• TWI Director sold 20,000 shares at $12.40 - $12.55 worth ~$250K.

-=BJ's Wholesale (BJ) reported earnings on Thur 21 Nov 2019 (b/o)

Wholesale beats by $0.01, misses on revs; narrows FY20 EPS guidance; lowers FY20 revenue/comp guidance; Q3 comps -0.4%; approves $250 mln repurchase program

Reports Q3 (Oct) earnings of $0.41 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.40; revenues rose 0.2% year/year to $3.23 bln vs the $3.3 bln S&P Capital IQ Consensus.

Comparable club sales for the third quarter of fiscal 2019 decreased 0.4%, compared to the third quarter of fiscal 2018. Comparable club sales, excluding the impact of gasoline sales increased 1.1%. Comparable club sales for the first nine months of fiscal 2019 increased 0.7%, compared to the first nine months of fiscal 2018. Excluding the impact of gasoline sales, comparable club sales increased 1.5%.

Co issues downside guidance for FY20, narrows EPS of $1.44-1.48 from $1.42-1.50 vs. $1.49 S&P Capital IQ Consensus; lowers net sales to $12.9 bln from $12.9-13.2 bln vs. $13.29 bln S&P Capital IQ Consensus; lowers comps to +1.3-1.5% from +1.5-2.5%.

On November 20, 2019, the Company's Board of Directors approved a stock repurchase program, effective immediately. The authorization allows the Company to repurchase up to $250.0 million of its outstanding common stock. The stock repurchase program expires in January 2022 and gives management the flexibility to determine the terms and conditions under which shares may be purchased.

Earnings this week : Nov 18 - 22, 19 (wk 47)

Monday (Nov 18)

• Morning: CCMP LX MANU QD
• Afternoon: CRMT ASH BILI KRNT WWD ZTO

Tuesday (Nov 19)

• Morning: WUBA ARMK DAVA PPDF HD JKS KSS MMS MDT NJR TJX TDG
• Afternoon: ESE PAGS URBN

Wednesday (Nov 20)

• Morning: AVYA LOW PDD QIWI SR TGT
• Afternoon: CPRT CUB GTBIF JACK LB LZB NTES NUAN SQM SONO

Thursday (Nov 21)

• Morning: ASYS PLAN BZUN BERY BJ BRC BV AQUA HMLP M SDRL SFL
• Afternoon: BRBR ENTA GPS IIIV INTU MATW JWN OOMA POST PSTG ROST SCVL SPLK WSM

Friday (Nov 22)

• Morning: ATKR BKE FL FUTU HIBB SJM

Notable earnings reports:

• Manchester United (NYSE:MANU) on November 18; 
• Home Depot (HD), TJX Companies (NYSE:TJX) and Urban Outfitters (NASDAQ:URBN) on November 19; 
• L Brands (NYSE:LB), Lowe's (LOW), Jack in the Box (NASDAQ:JACK) and Target (TGT) on November 20; 
• Gap (NYSE:GPS), Macy's (NYSE:M), Splunk (NASDAQ:SPLK), Ross Stores (NASDAQ:ROST) and Nordstrom (NYSE:JWN) on November 21; 
• Foot Locker (NYSE:FL) and J.M. Smucker (NYSE:SJM) on November 22.

=BJ's Wholesale (BJ) reported earnings on Tue 20 Nov 2018 (a/h)

BJ's Wholesale beats by $0.06, beats on revs; guides FY19 EPS above consensus, raises revs below consensus 

• Reports Q3 (Oct) earnings of $0.39 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.33; revenues rose 4.4% year/year to $3.22 bln vs the $3.16 bln S&P Capital IQ Consensus.
  • Excluding the impact of gasoline sales, merchandise comparable sales increased 1.9% representing the fifth consecutive quarter of positive merchandise comparable sales.
  • Excluding the impact of gasoline sales, merchandise gross margin rate increased by approximately 60 basis points over the third quarter of fiscal 2017 and by approximately 80 basis points over the first nine months of fiscal 2017. 
• Co issues mixed guidance for FY19, sees EPS of $1.22-1.26, excluding non-recurring items, vs. $1.21 S&P Capital IQ Consensus and prior guidance of $1.17-1.24; sees FY19 revs of $12.65-12.75 bln vs. $12.9 bln S&P Capital IQ Consensus and prior guidance of $12.60-12.70 bln.
  • Merchandise comparable store sales, which exclude gasoline, are expected to be up 1.9% to 2.1% versus prior guidance of 1.8% to 2.1%.

Earnings this week : Nov 19 - 23, 18 (wk 47)

Earnings confirmed to report this week

Monday (Nov 19) 

• Morning: JD SPB
• Afternoon: A BECN BRKS GH INTU JACK KLIC LB NUAN PSTG URBN

Tuesday (Nov 20)

• Morning: ADI BBY BKS CPB DY HRL JEC KSS LOW MDT MMS NJR PDD ROST SFL TGT TJX
• Afternoon: ADSK BILI BJ CAL CPRT ESL FL GPS KEYS QADA SE

Wednesday (Nov 21)

• Morning: BZUN CMCM DAKT DE QD
• Afternoon: None

Thursday (Nov 22)

• Markets closed for Thanksgiving

Friday (Nov 23)

• None

BJ's Wholesale Club (BJ) reported earnings on Tue 28 August 2018 (b/o)

** charts 1 day after earnings **

WESTBOROUGH, Mass. (AP) _ BJ's Wholesale Club Holdings Inc. (BJ) on Tuesday reported a loss of $5.6 million in its fiscal second quarter.

On a per-share basis, the Westborough, Massachusetts-based company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 31 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The wholesale membership warehouse operator posted revenue of $3.31 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.28 billion.

BJ's expects full-year earnings in the range of $1.17 to $1.24 per share, with revenue in the range of $12.6 billion to $12.7 billion.

Earnings this week : August 27 - 31, 18 (wk 35)

Earnings confirmed to report this week

Monday (August 27)

• Morning: AMWD  PKX MBT JT SVA FGBI PEBK TATT
• Afternoon: HEI PAHC  SHG BAP WF BILI  RYB MESA

Tuesday (Aug 28)

• Morning: BBY BJ BMO BNS CTLT  DSW HAIN SFUN SXI TIF
• Afternoon: BOX HPE HRB LCI NCS OOMA PSEC SCSC  SCVL TLRY YRD

Wednesday (Aug 29)

• Morning: AEO BF.B CHS DKS DY EV EXPR MOV
• Afternoon: CRM GEF GES HOME PVH SMTC TLYS UEPS

Thursday (Aug 30)

• Morning: ANF BURL CIEN CPB DG  DLTR  GMS KIRK MEI MIK PDCO SIG TD TECD TITN
• Afternoon: AMBA  AOBC  COO  LULU  NTNX PAGS ULTA YEXT ZUO

Friday (Aug 31)

• Morning: BIG