Insider Selling: BJ’s Wholesale Club (NYSE:BJ) CEO Sells $1,605,629.58 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert Eddy sold 17,898 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the sale, the chief executive officer owned 296,735 shares of the company’s stock, valued at $26,620,096.85. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $91.48 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.17. BJ’s Wholesale Club Holdings, Inc. has a one year low of $83.92 and a one year high of $121.10. The business’s 50 day simple moving average is $93.85 and its two-hundred day simple moving average is $103.98. The stock has a market capitalization of $12.05 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.37 and a beta of 0.33.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ’s Wholesale Club had a net margin of 2.77% and a return on equity of 30.40%. The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter last year, the business earned $1.09 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of BJ’s Wholesale Club from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, August 25th. Wall Street Zen lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. UBS Group cut their target price on BJ’s Wholesale Club from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, August 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.65.

Institutional Trading of BJ’s Wholesale Club

Several large investors have recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC boosted its position in shares of BJ’s Wholesale Club by 152.5% during the second quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Roxbury Financial LLC purchased a new stake in BJ’s Wholesale Club in the third quarter worth $28,000. Davis Capital Management purchased a new stake in BJ’s Wholesale Club in the third quarter worth $28,000. Finally, Root Financial Partners LLC bought a new position in BJ’s Wholesale Club in the third quarter worth $29,000. 98.60% of the stock is owned by institutional investors.

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.