Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Sells 11,000 Shares of 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, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Wholesale Club Stock Up 1.0 %

Shares of NYSE BJ opened at $86.50 on Friday. 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 Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. The firm has a market capitalization of $11.48 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24. The firm has a fifty day simple moving average of $82.86 and a two-hundred day simple moving average of $82.49.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BJ shares. 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. Evercore ISI lifted 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 report on Thursday, June 20th. Wells Fargo & Company upgraded 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. Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Loop Capital raised their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $86.31.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after acquiring an additional 2,571,709 shares during the period. Marshall Wace LLP grew its stake in shares of BJ’s Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after acquiring an additional 499,954 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of BJ’s Wholesale Club by 201.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after acquiring an additional 395,573 shares during the period. Raymond James & Associates boosted its holdings in shares of BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after buying an additional 382,114 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its holdings in shares of BJ’s Wholesale Club by 17.6% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after buying an additional 377,019 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

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.