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 the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BJ’s Wholesale Club Trading Down 0.4 %

Shares of BJ stock traded down $0.30 during trading hours on Thursday, reaching $78.28. The company’s stock had a trading volume of 1,544,672 shares, compared to its average volume of 1,529,795. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The stock has a market capitalization of $10.39 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.95 and a beta of 0.23. The firm’s fifty day simple moving average is $86.17 and its 200 day simple moving average is $81.32.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after buying an additional 124 shares during the last quarter. CWM LLC raised its holdings in shares of BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after purchasing an additional 128 shares during the last quarter. Riverwater Partners LLC lifted its holdings in shares of BJ’s Wholesale Club by 1.1% during the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after buying an additional 135 shares during the period. GAMMA Investing LLC lifted its holdings in BJ’s Wholesale Club by 11.0% in the second quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after acquiring an additional 162 shares during the period. Finally, LRI Investments LLC boosted its holdings in shares of BJ’s Wholesale Club by 9.2% in the second quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock worth $172,000 after buying an additional 165 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Thursday, May 23rd. Barclays raised their price objective 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. TD Cowen upped their target price 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. Finally, UBS Group lifted their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

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.