BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy Sells 11,000 Shares

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BJ’s Wholesale Club Price Performance

BJ stock traded up $0.91 during trading on Friday, reaching $85.64. 916,486 shares of the company were exchanged, compared to its average volume of 1,482,400. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The company has a market cap of $11.35 billion, a P/E ratio of 21.59, a PEG ratio of 3.15 and a beta of 0.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock’s 50 day moving average price is $83.05 and its 200 day moving average price is $83.84.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors and hedge funds have recently modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares during the last quarter. Bessemer Group Inc. increased its position in BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares during the last quarter. Principal Financial Group Inc. increased its position in BJ’s Wholesale Club by 17.2% during the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after purchasing an additional 237,902 shares during the last quarter. Dimensional Fund Advisors LP increased its position in BJ’s Wholesale Club by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after purchasing an additional 163,526 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in BJ’s Wholesale Club by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock worth $98,973,000 after purchasing an additional 42,413 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $92.00 in a report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $76.00 to $78.00 in a report on Monday, August 26th. Loop Capital lifted their target price on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Roth Mkm lifted their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, Bank of America lowered their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $86.31.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.