Joseph Mcgrail Sells 1,000 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Wholesale Club Stock Down 3.6 %

BJ stock opened at $72.55 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $73.77 and its 200 day moving average is $69.37. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 3.30 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the prior year, the business earned $1.00 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BJ. FMR LLC grew its position in BJ’s Wholesale Club by 39.7% during the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after acquiring an additional 4,548,963 shares during the last quarter. Morgan Stanley grew its position in BJ’s Wholesale Club by 180.8% during the fourth quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock valued at $173,071,000 after acquiring an additional 1,684,174 shares during the last quarter. Goldman Sachs Group Inc. grew its position in BJ’s Wholesale Club by 145.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock valued at $163,792,000 after acquiring an additional 1,436,785 shares during the last quarter. Norges Bank bought a new position in BJ’s Wholesale Club during the fourth quarter valued at approximately $89,816,000. Finally, Eaton Vance Management grew its position in BJ’s Wholesale Club by 323.5% during the first quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock valued at $116,230,000 after acquiring an additional 1,313,206 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on BJ shares. JPMorgan Chase & Co. upped their price objective 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. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Wednesday, February 7th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price target (down from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Finally, Evercore ISI decreased their price target on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.40.

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.