Robert W. Eddy Sells 11,000 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) 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 that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $86.10 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.04 and a beta of 0.23. The business has a 50 day simple moving average of $83.71 and a 200 day simple moving average of $75.13. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $62.28 and a 52-week high of $90.43.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in BJ’s Wholesale Club by 11.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock worth $144,000 after acquiring an additional 162 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of BJ’s Wholesale Club by 293.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,620 shares of the company’s stock worth $270,000 after acquiring an additional 2,700 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in BJ’s Wholesale Club by 19.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 129,997 shares of the company’s stock valued at $9,834,000 after acquiring an additional 21,156 shares during the period. Cetera Advisors LLC acquired a new stake in BJ’s Wholesale Club during the 1st quarter valued at $378,000. Finally, Cetera Investment Advisers boosted its position in BJ’s Wholesale Club by 183.3% during the first quarter. Cetera Investment Advisers now owns 24,442 shares of the company’s stock worth $1,849,000 after purchasing an additional 15,813 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BJ shares. Bank of America increased their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Barclays raised their price target on shares of 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. Robert W. Baird upped their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. UBS Group lifted their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, DA Davidson boosted their target price on BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research 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 issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $82.06.

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.