Robert Allan Steele Sells 11,813 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $110.62 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $118.40. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market cap of $14.61 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The stock has a 50-day moving average price of $102.32 and a 200-day moving average price of $93.12.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on BJ. Morgan Stanley lifted their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds have recently bought and sold shares of BJ. 111 Capital purchased a new position in shares of BJ’s Wholesale Club during the fourth quarter worth approximately $352,000. Wealth Enhancement Advisory Services LLC raised its position in BJ’s Wholesale Club by 95.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock worth $994,000 after purchasing an additional 5,442 shares during the period. Centaurus Financial Inc. bought a new stake in BJ’s Wholesale Club in the fourth quarter worth $148,000. Menard Financial Group LLC boosted its position in BJ’s Wholesale Club by 5.7% during the fourth quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock valued at $265,000 after buying an additional 160 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of BJ’s Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after buying an additional 43,106 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.