Robert W. Eddy Sells 17,900 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the transaction, the chief executive officer now owns 386,233 shares of the company’s stock, valued at approximately $43,250,371.34. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BJ’s Wholesale Club Price Performance

BJ stock opened at $111.24 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $14.65 billion, a P/E ratio of 26.74, a PEG ratio of 4.50 and a beta of 0.59. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The business has a 50 day simple moving average of $115.11 and a 200-day simple moving average of $105.03.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

BJ has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating and set a $135.00 target price (up previously from $129.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. The Goldman Sachs Group boosted their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Loop Capital reaffirmed a “hold” rating and set a $120.00 target price (up from $110.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Morgan Stanley boosted their price target on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. Finally, Barclays boosted their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC grew its holdings in BJ’s Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after acquiring an additional 245,731 shares during the period. Intech Investment Management LLC grew its holdings in BJ’s Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock worth $4,822,000 after acquiring an additional 39,713 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in BJ’s Wholesale Club by 151.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company’s stock worth $1,768,000 after acquiring an additional 11,928 shares during the period. Oppenheimer & Co. Inc. acquired a new position in BJ’s Wholesale Club during the fourth quarter worth $307,000. Finally, iSAM Funds UK Ltd purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth $843,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.