Company: BJ’s Wholesale Club Holdings, Inc.
Symbol: BJ
Description: BJ’s Wholesale Club is a leading warehouse club operator on the East Coast of the United States.
Trade Date: 6/28
Shares: 37.5 million
Price Range: $15.00-$17.00
Underwriter(s): BofA Merrill Lynch, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, Citigroup, Jefferies, Wells Fargo
Co-Manager(s): Nomura, Baird, Guggenheim, Natixis, William Blair, Siebert Cisneros Shank & Co.
Terms Added: 6-18-18
Business: They deliver significant value to their members, consistently offering 25% or more savings on a representative basket of manufacturer-branded groceries compared to traditional supermarket competitors. They provide a curated assortment focused on perishable products, continuously refreshed general merchandise, gas and other ancillary services to deliver a differentiated shopping experience that is further enhanced by their omnichannel capabilities.
Financials: Their total revenues were $12.34 billion, $12.49 billion, $12.22 billion, $12.10 billion and $12.50 billion, and their net income (loss) was ($14.9 million), $19.0 million, $24.1 million, $44.2 million, and $50.5 million in fiscal 2013, 2014, 2015, 2016, and 2017, respectively. In the first quarter of fiscal 2018, their total revenues increased 2.8% to $2.51 billion, while their bottom line increased from a $58.9 million loss to a $14.1 million gain, compared to the same period in the previous fiscal year.
Book-Building Status: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.
IPO Boutique subscription clients receive daily updates on this critical information.
Conclusion: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a track record with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance to showcase the value of IPO Boutique’s service.
Indicate with confidence, SUBSCRIBE today.
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish