BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Sells $77,370.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BJ’s Wholesale Club Trading Down 1.3 %

NYSE BJ traded down $0.99 during mid-day trading on Wednesday, hitting $75.27. The company’s stock had a trading volume of 1,603,628 shares, compared to its average volume of 1,393,495. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $60.33 and a 52-week high of $80.42. The stock’s fifty day simple moving average is $73.47 and its two-hundred day simple moving average is $69.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The firm has a market capitalization of $10.01 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 3.29 and a beta of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter last year, the firm posted $1.00 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in BJ’s Wholesale Club by 45.3% in the third quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after acquiring an additional 153 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of BJ’s Wholesale Club by 23.9% during the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after buying an additional 159 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of BJ’s Wholesale Club by 5.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after buying an additional 179 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of BJ’s Wholesale Club by 5.0% during the first quarter. CIBC Asset Management Inc now owns 3,783 shares of the company’s stock worth $288,000 after buying an additional 180 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of BJ’s Wholesale Club by 3.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,939 shares of the company’s stock worth $505,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BJ. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Wednesday, February 7th. Finally, Evercore ISI cut their price objective on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and an average target price of $74.40.

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.