Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $2,591,742.12 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jeff Desroches also recently made the following trade(s):

• On Friday, May 31st, Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00.

BJ’s Wholesale Club Stock Down 1.0 %

BJ stock opened at $88.37 on Friday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The company has a market cap of $11.73 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.24 and a beta of 0.23. The business’s 50-day simple moving average is $87.63 and its 200 day simple moving average is $77.56.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. BJ’s Wholesale Club’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club in the second quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 1st quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $45,000. Eagle Bay Advisors LLC acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at $40,000. Finally, Park Place Capital Corp grew its position in BJ’s Wholesale Club by 42.4% in the first quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock valued at $83,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BJ. UBS Group lifted their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 24th. TD Cowen increased their target price on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Bank of America raised their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Robert W. Baird upped their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $82.35.

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.