Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Sells 1,000 Shares of 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 value of $77,370.00. Following the sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $73.75 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42. The stock has a market cap of $9.81 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.26 and a beta of 0.26. 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 fifty day moving average price is $73.91 and its 200-day moving average price is $69.38.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly 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 return on equity of 40.84% and a net margin of 2.64%. BJ’s Wholesale Club’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several large investors have recently modified their holdings of the stock. FMR LLC raised its position 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 purchasing an additional 4,548,963 shares during the last quarter. BlackRock Inc. raised its position in shares of BJ’s Wholesale Club by 1.2% in the 1st quarter. BlackRock Inc. now owns 12,142,318 shares of the company’s stock worth $923,666,000 after purchasing an additional 139,425 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after purchasing an additional 590,113 shares during the last quarter. State Street Corp raised its position in shares of BJ’s Wholesale Club by 3.4% in the 1st quarter. State Street Corp now owns 4,445,807 shares of the company’s stock worth $300,581,000 after purchasing an additional 147,014 shares during the last quarter. Finally, Morgan Stanley raised its position in BJ’s Wholesale Club by 10.3% in the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after buying an additional 369,317 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BJ shares. 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. Loop Capital restated a “hold” rating and issued a $80.00 target price (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday. Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price target 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. Finally, The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $87.00 in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.40.

About BJ’s Wholesale Club

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.