BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Short Interest Update

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 9,800,000 shares, a decrease of 12.7% from the June 15th total of 11,230,000 shares. Approximately 7.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is currently 6.0 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Loop Capital upped their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Thursday, May 23rd. UBS Group raised their price objective on 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. Robert W. Baird boosted 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. Finally, Barclays upped 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and an average target price of $82.35.

BJ’s Wholesale Club Trading Up 0.2 %

Shares of NYSE:BJ traded up $0.16 during trading on Monday, reaching $90.55. The stock had a trading volume of 464,136 shares, compared to its average volume of 1,494,928. The business has a fifty day moving average price of $85.37 and a 200-day moving average price of $76.21. 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 stock has a market cap of $12.02 billion, a P/E ratio of 23.54, a PEG ratio of 3.21 and a beta of 0.23. BJ’s Wholesale Club has a fifty-two week low of $62.28 and a fifty-two week high of $92.37.

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

Insider Activity

In related news, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at approximately $7,507,284. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MJP Associates Inc. ADV purchased a new position in BJ’s Wholesale Club in the second quarter valued at about $245,000. Gateway Investment Advisers LLC purchased a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at approximately $1,521,000. SG Americas Securities LLC acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth approximately $397,000. Sendero Wealth Management LLC increased its stake in shares of BJ’s Wholesale Club by 10.7% in the second quarter. Sendero Wealth Management LLC now owns 13,616 shares of the company’s stock worth $1,196,000 after buying an additional 1,317 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in BJ’s Wholesale Club in the second quarter valued at $165,000. 98.60% of the stock is owned by institutional investors and hedge funds.

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.