Short Interest in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Grows By 7.1%

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 13,190,000 shares, an increase of 7.1% from the April 30th total of 12,320,000 shares. Based on an average trading volume of 1,700,000 shares, the short-interest ratio is currently 7.8 days. Currently, 10.0% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the completion of the sale, the executive vice president now owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares in the company, valued at approximately $1,067,481.45. The disclosure for this sale can be found here. Insiders sold a total of 98,640 shares of company stock valued at $7,394,087 in the last quarter. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its position in shares of BJ’s Wholesale Club by 1.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock valued at $800,000 after acquiring an additional 200 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of BJ’s Wholesale Club by 3.7% during the 4th quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock valued at $454,000 after buying an additional 241 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of BJ’s Wholesale Club by 7.9% during the 4th quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock valued at $236,000 after buying an additional 260 shares in the last quarter. Vista Investment Partners LLC raised its holdings in shares of BJ’s Wholesale Club by 0.5% during the 1st quarter. Vista Investment Partners LLC now owns 47,832 shares of the company’s stock valued at $3,618,000 after buying an additional 260 shares in the last quarter. Finally, Dfpg Investments LLC raised its holdings in shares of BJ’s Wholesale Club by 6.0% during the 4th quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock valued at $322,000 after buying an additional 278 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock traded down $1.51 during trading hours on Monday, hitting $86.56. 233,552 shares of the company’s stock traded hands, compared to its average volume of 1,515,331. BJ’s Wholesale Club has a 12-month low of $60.45 and a 12-month high of $88.95. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 3.13 and a beta of 0.24. The company has a fifty day simple moving average of $77.88 and a 200-day simple moving average of $71.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. Equities research analysts anticipate that BJ’s Wholesale Club will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BJ shares. Loop Capital reaffirmed a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. Evercore ISI upped their target price on BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an “in-line” rating in a report on Friday, May 24th. Bank of America upped their target price 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 upped their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Barclays upped their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and a consensus price target of $81.88.

View Our Latest Analysis on BJ

BJ’s Wholesale Club Company Profile

(Get Free Report)

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.

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