BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy Sells 11,000 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Wholesale Club Price Performance

BJ stock opened at $79.40 on Thursday. The company has a fifty day simple moving average of $72.53 and a two-hundred day simple moving average of $69.20. The firm has a market capitalization of $10.56 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 3.31 and a beta of 0.26. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $79.60.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on BJ shares. JPMorgan Chase & Co. upped their target price on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Evercore ISI dropped their target price on shares of BJ’s Wholesale Club from $84.00 to $80.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company restated an “equal weight” rating and set a $70.00 target price (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their target price for the stock from $81.00 to $87.00 in a research report on Monday. Finally, Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.53.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors have recently made changes to their positions in BJ. FMR LLC lifted its holdings in shares of BJ’s Wholesale Club by 39.7% in the 3rd quarter. FMR LLC now owns 16,013,702 shares of the company’s stock worth $1,142,898,000 after acquiring an additional 4,548,963 shares during the last quarter. Morgan Stanley increased its stake in BJ’s Wholesale Club by 180.8% in the 4th quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock worth $173,071,000 after buying an additional 1,684,174 shares during the period. Goldman Sachs Group Inc. increased its stake in BJ’s Wholesale Club by 145.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock worth $163,792,000 after buying an additional 1,436,785 shares during the period. Norges Bank purchased a new position in BJ’s Wholesale Club in the 4th quarter worth about $89,816,000. Finally, Eaton Vance Management increased its stake in BJ’s Wholesale Club by 323.5% in the 1st quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock worth $116,230,000 after buying an additional 1,313,206 shares during the period. Institutional investors own 98.60% of the company’s stock.

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.