BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Sees Large Decrease in Short Interest

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 9,800,000 shares, a drop of 12.7% from the June 15th total of 11,230,000 shares. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 6.0 days. Approximately 7.5% of the company’s shares are short sold.

Insider Activity

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock in a transaction on Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the sale, the executive vice president now owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the transaction, the executive vice president now owns 87,294 shares in the company, valued at $7,507,284. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its position in BJ’s Wholesale Club by 32.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,273 shares of the company’s stock valued at $305,000 after purchasing an additional 1,050 shares during the last quarter. Anchor Investment Management LLC purchased a new position in BJ’s Wholesale Club in the fourth quarter worth $78,000. Dfpg Investments LLC increased its stake in BJ’s Wholesale Club by 6.0% in the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock valued at $322,000 after acquiring an additional 278 shares during the last quarter. SG Americas Securities LLC raised its position in BJ’s Wholesale Club by 167.8% during the fourth quarter. SG Americas Securities LLC now owns 6,015 shares of the company’s stock valued at $401,000 after purchasing an additional 3,769 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of BJ’s Wholesale Club by 7.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 22,952 shares of the company’s stock worth $1,530,000 after purchasing an additional 1,645 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Up 0.2 %

NYSE:BJ traded up $0.16 during trading hours on Monday, reaching $90.55. The company had a trading volume of 464,136 shares, compared to its average volume of 1,494,928. BJ’s Wholesale Club has a twelve month low of $62.28 and a twelve month high of $92.37. 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 firm has a market cap of $12.02 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 3.21 and a beta of 0.23. The business’s 50-day simple moving average is $85.37 and its two-hundred day simple moving average is $76.21.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that BJ’s Wholesale Club will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BJ. TD Cowen upped their target price on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Loop Capital upped their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. DA Davidson lifted their price objective on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Robert W. Baird increased their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, UBS Group lifted their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $82.35.

BJ’s Wholesale Club Company Profile

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.