BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Scott Kessler Sells 13,359 Shares

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) EVP Scott Kessler sold 13,359 shares of BJ’s Wholesale Club stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $76.36, for a total transaction of $1,020,093.24. Following the sale, the executive vice president now owns 116,791 shares in the company, valued at $8,918,160.76. The sale was disclosed in a document filed with the SEC, which is available through this link.

Scott Kessler also recently made the following trade(s):

  • On Tuesday, June 21st, Scott Kessler sold 2,125 shares of BJ’s Wholesale Club stock. The stock was sold at an average price of $60.27, for a total transaction of $128,073.75.

BJ’s Wholesale Club Stock Down 2.0 %

Shares of NYSE BJ opened at $76.92 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.82. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $51.45 and a 52 week high of $79.69. The firm has a 50-day moving average price of $71.81 and a 200 day moving average price of $66.26. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.35 and a beta of 0.43.

BJ’s Wholesale Club (NYSE:BJGet Rating) last released its quarterly earnings results on Thursday, August 18th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.83 by $0.23. BJ’s Wholesale Club had a net margin of 2.68% and a return on equity of 71.47%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.6 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently bought and sold shares of the stock. City State Bank purchased a new position in BJ’s Wholesale Club during the fourth quarter worth $25,000. Northwestern Mutual Wealth Management Co. increased its position in BJ’s Wholesale Club by 71.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $25,000 after buying an additional 166 shares in the last quarter. CoreCap Advisors LLC purchased a new position in BJ’s Wholesale Club during the second quarter worth $28,000. Benjamin Edwards Inc. acquired a new stake in shares of BJ’s Wholesale Club during the first quarter worth $35,000. Finally, Cambridge Trust Co. boosted its holdings in shares of BJ’s Wholesale Club by 292.0% during the first quarter. Cambridge Trust Co. now owns 537 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group lifted their price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a research note on Thursday, June 2nd. DA Davidson raised their price objective on shares of BJ’s Wholesale Club from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. Bank of America raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $72.00 to $83.00 in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BJ’s Wholesale Club from $81.00 to $86.00 in a research report on Friday, August 19th. Finally, The Goldman Sachs Group raised their price objective on shares of BJ’s Wholesale Club from $63.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $77.13.

About BJ’s Wholesale Club

(Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

Further Reading

Insider Buying and Selling by Quarter for BJ's Wholesale Club (NYSE:BJ)

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