Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $1,669,546.88 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 14,192 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares of the company’s stock, valued at approximately $3,071,933.32. This represents a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BJ’s Wholesale Club Stock Down 2.5 %

Shares of BJ’s Wholesale Club stock opened at $115.54 on Friday. The company has a market capitalization of $15.21 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The business has a 50-day moving average of $106.88 and a two-hundred day moving average of $96.06. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.43.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BJ. UBS Group upped their price objective on BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Morgan Stanley boosted their price objective on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. The Goldman Sachs Group raised their target price on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, DA Davidson boosted their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its holdings in BJ’s Wholesale Club by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after purchasing an additional 245,731 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of BJ’s Wholesale Club during the third quarter worth about $828,000. Sanctuary Advisors LLC grew its holdings in shares of BJ’s Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after buying an additional 21,957 shares in the last quarter. Intech Investment Management LLC raised its position in BJ’s Wholesale Club by 278.6% in the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock valued at $4,822,000 after buying an additional 39,713 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in BJ’s Wholesale Club in the 4th quarter valued at approximately $307,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.