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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 7,380,000 shares, an increase of 7.9% from the September 30th total of 6,840,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the short-interest ratio is currently 4.8 days. Currently, 5.6% of the company’s stock are short sold.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction of $921,250.00. Following the completion of the sale, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction of $921,250.00. Following the completion of the sale, the chief executive officer now owns 434,792 shares in the company, valued at approximately $36,413,830. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $1,878,220 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $25,000. Davis Capital Management purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $45,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Down 0.2 %

Shares of BJ’s Wholesale Club stock opened at $84.73 on Friday. The firm has a market capitalization of $11.23 billion, a PE ratio of 21.40, a P/E/G ratio of 3.15 and a beta of 0.25. BJ’s Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37. The firm’s 50-day moving average price is $83.05 and its 200 day moving average price is $83.84. 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 (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. On average, sell-side analysts predict that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Roth Mkm upped their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. Melius Research assumed coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Loop Capital upped their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their target price for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.31.

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.