BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner Sells 20,000 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. The trade was a 38.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $110.35 on Friday. The firm’s 50 day moving average price is $103.26 and its two-hundred day moving average price is $93.56. The stock has a market cap of $14.58 billion, a PE ratio of 26.53, a PEG ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

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

Wall Street Analyst Weigh In

BJ has been the subject of several recent analyst reports. Loop Capital raised their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on shares of 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, Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in shares of BJ’s Wholesale Club during the third quarter worth $828,000. Sanctuary Advisors LLC lifted its position in BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after acquiring an additional 21,957 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in BJ’s Wholesale Club in the 4th quarter valued at $307,000. Wealthfront Advisers LLC lifted its position in BJ’s Wholesale Club by 1,462.2% in the 4th quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock valued at $4,843,000 after acquiring an additional 50,738 shares in the last quarter. Finally, Oak Harvest Investment Services bought a new stake in BJ’s Wholesale Club in the 4th quarter valued at $670,000. 98.60% of the stock is owned by institutional investors.

About BJ’s Wholesale Club

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.