BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Sells $873,400.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BJ’s Wholesale Club Stock Down 0.4 %

BJ opened at $78.28 on Friday. The firm has a market cap of $10.39 billion, a P/E ratio of 20.33, a PEG ratio of 2.95 and a beta of 0.23. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $85.99 and its 200 day simple moving average is $81.30. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on BJ shares. Barclays lifted 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. DA Davidson boosted their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Bank of America decreased their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Thursday, May 23rd. Finally, Evercore ISI raised their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Seven investment 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 an average price target of $86.07.

Institutional Trading of BJ’s Wholesale Club

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at approximately $5,745,000. Russell Investments Group Ltd. lifted its position in shares of BJ’s Wholesale Club by 46.0% during the 4th quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock valued at $3,603,000 after acquiring an additional 17,024 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 6.5% during the 4th quarter. New York Life Investment Management LLC now owns 15,140 shares of the company’s stock worth $1,009,000 after acquiring an additional 928 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of BJ’s Wholesale Club by 30.7% during the fourth quarter. Private Advisor Group LLC now owns 5,420 shares of the company’s stock worth $361,000 after purchasing an additional 1,272 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

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.