BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Sells $921,250.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the completion of the transaction, the chief executive officer now directly owns 434,792 shares in the company, valued at approximately $36,413,830. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BJ’s Wholesale Club Stock Up 1.0 %

NYSE:BJ opened at $86.50 on Friday. The company has a market cap of $11.48 billion, a PE ratio of 22.47, a P/E/G ratio of 3.02 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The firm’s 50 day simple moving average is $82.83 and its 200 day simple moving average is $82.56.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 EPS. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on BJ. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Evercore ISI lifted their price target on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Finally, Roth Mkm lifted their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $86.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Davis Capital Management acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter worth approximately $25,000. Anchor Investment Management LLC lifted its position in shares of BJ’s Wholesale Club by 16.9% in the 2nd quarter. Anchor Investment Management LLC now owns 1,383 shares of the company’s stock worth $121,000 after purchasing an additional 200 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $1,496,000. Cetera Investment Advisers increased its stake in shares of BJ’s Wholesale Club by 23.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,242 shares of the company’s stock valued at $2,656,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of BJ’s Wholesale Club by 6.7% in the 2nd quarter. Truist Financial Corp now owns 228,539 shares of the company’s stock valued at $20,075,000 after acquiring an additional 14,329 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.