Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Sells 11,000 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the transaction, the chief executive officer now directly owns 456,792 shares in the company, valued at approximately $40,014,979.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BJ’s Wholesale Club Trading Down 1.9 %

BJ traded down $1.64 on Monday, hitting $85.21. The company had a trading volume of 1,404,821 shares, compared to its average volume of 1,482,484. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-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 business’s fifty day simple moving average is $88.32 and its 200 day simple moving average is $78.63. The company has a market cap of $11.31 billion, a PE ratio of 22.23, a PEG ratio of 3.12 and a beta of 0.23.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at approximately $81,646,000. Massachusetts Financial Services Co. MA acquired a new stake in BJ’s Wholesale Club during the 4th quarter valued at $50,994,000. Victory Capital Management Inc. boosted its stake in BJ’s Wholesale Club by 13.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after acquiring an additional 590,113 shares during the last quarter. Raymond James & Associates lifted its position in shares of BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after buying an additional 382,114 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in shares of BJ’s Wholesale Club by 17.6% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after buying an additional 377,019 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BJ shares. TD Cowen raised their price objective on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Loop Capital boosted their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. UBS Group increased their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Barclays increased their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $82.35.

BJ’s Wholesale Club Company Profile

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.