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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ traded down $1.16 on Tuesday, hitting $85.63. 1,300,338 shares of the company were exchanged, compared to its average volume of 1,510,528. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $62.05 and a 1-year high of $90.43. The stock’s 50 day moving average price is $83.09 and its 200 day moving average price is $74.83. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $11.36 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 4.1% 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 year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of BJ’s Wholesale Club during the first quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of BJ’s Wholesale Club during the fourth quarter worth $40,000. Park Place Capital Corp raised its holdings in shares of BJ’s Wholesale Club by 42.4% during the first quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock worth $83,000 after purchasing an additional 326 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of BJ’s Wholesale Club by 36.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after purchasing an additional 302 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of BJ’s Wholesale Club during the first quarter worth $88,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BJ shares. Bank of America lifted their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. UBS Group boosted their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th. Robert W. Baird boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Loop Capital reiterated a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $82.06.

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.