Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Sells $77,370.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $73.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The firm’s 50-day simple moving average is $73.91 and its 200-day simple moving average is $69.38. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $60.33 and a twelve month high of $80.42. The firm has a market cap of $9.81 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 3.26 and a beta of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, research 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of BJ’s Wholesale Club by 39.7% during the third 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 in the last quarter. BlackRock Inc. raised its stake in shares of BJ’s Wholesale Club by 1.2% during the first quarter. BlackRock Inc. now owns 12,142,318 shares of the company’s stock worth $923,666,000 after buying an additional 139,425 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 13.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after buying an additional 590,113 shares during the last quarter. State Street Corp raised its stake in shares of BJ’s Wholesale Club by 3.4% during the first quarter. State Street Corp now owns 4,445,807 shares of the company’s stock worth $300,581,000 after buying an additional 147,014 shares during the last quarter. Finally, Morgan Stanley increased its stake in BJ’s Wholesale Club by 10.3% in the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after purchasing an additional 369,317 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on BJ. Evercore ISI decreased their price objective on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Tuesday. Loop Capital reissued a “hold” rating and set a $80.00 target price (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday. JPMorgan Chase & Co. lifted 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 research note on Friday, March 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 target price (down previously from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Finally, The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their target price for the stock 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 assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.