BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $2,591,742.12 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jeff Desroches also recently made the following trade(s):

• On Friday, May 31st, Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock. The stock was sold at an average price of $86.00, for a total transaction of $1,213,116.00.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ traded down $0.07 during trading on Tuesday, reaching $91.14. The stock had a trading volume of 879,193 shares, compared to its average volume of 1,483,390. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 3.17 and a beta of 0.23. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $86.95 and a two-hundred day simple moving average of $77.21.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp boosted its stake in BJ’s Wholesale Club by 9.3% during the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after buying an additional 124 shares in the last quarter. CWM LLC boosted its stake in BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after buying an additional 128 shares in the last quarter. Riverwater Partners LLC boosted its stake in shares of BJ’s Wholesale Club by 1.1% in the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BJ’s Wholesale Club by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after purchasing an additional 162 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of BJ’s Wholesale Club by 1.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock valued at $800,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BJ. UBS Group raised their price target on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. TD Cowen raised their price target on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. DA Davidson raised their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Thursday, May 23rd. Finally, Evercore ISI raised their price objective on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Hold” and a consensus target price of $82.35.

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.