BJs Wholesale Club Holdings Inc (BJ) CEO Sells $1,375,030.16 in Stock

BJs Wholesale Club Holdings Inc (NYSE:BJ) CEO Christopher J. Baldwin sold 48,622 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $28.28, for a total transaction of $1,375,030.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE BJ opened at $26.53 on Wednesday. BJs Wholesale Club Holdings Inc has a 1 year low of $19.31 and a 1 year high of $32.92.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.36 billion. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts expect that BJs Wholesale Club Holdings Inc will post 1.48 EPS for the current fiscal year.

A number of research firms have recently weighed in on BJ. Wells Fargo & Co raised their price target on shares of BJs Wholesale Club from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Evercore ISI began coverage on shares of BJs Wholesale Club in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $30.00 price target on the stock. Nomura reduced their price target on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Zacks Investment Research downgraded shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, Gordon Haskett upgraded shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. BJs Wholesale Club presently has a consensus rating of “Buy” and a consensus target price of $30.21.

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in BJs Wholesale Club by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after acquiring an additional 778 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in BJs Wholesale Club during the 4th quarter worth $73,000. Flagship Harbor Advisors LLC boosted its holdings in BJs Wholesale Club by 47.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock worth $75,000 after acquiring an additional 1,098 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BJs Wholesale Club during the 4th quarter worth $81,000. Finally, QS Investors LLC purchased a new position in BJs Wholesale Club during the 4th quarter worth $89,000. 82.78% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was posted by Mayfield Recorder and is the property of of Mayfield Recorder. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://mayfieldrecorder.com/2019/05/15/christopher-j-baldwin-sells-48622-shares-of-bjs-wholesale-club-holdings-inc-bj-stock.html.

BJs Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

Read More: Why are percentage decliners important?

Insider Buying and Selling by Quarter for BJs Wholesale Club (NYSE:BJ)

Receive News & Ratings for BJs Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJs Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.