BJ’s Wholesale Club (NYSE:BJ) Stock Price Up 2.6% – Here’s What Happened

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price rose 2.6% during trading on Monday . The company traded as high as $114.99 and last traded at $114.87. Approximately 503,207 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 1,592,979 shares. The stock had previously closed at $111.91.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Morgan Stanley raised their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. TD Cowen boosted their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays raised their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Trading Up 2.4 %

The firm has a 50 day moving average of $104.94 and a 200 day moving average of $94.93. The firm has a market cap of $15.10 billion, a PE ratio of 27.59, a P/E/G ratio of 4.50 and a beta of 0.28. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. Equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BJ. Neo Ivy Capital Management purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $828,000. Sanctuary Advisors LLC boosted its position in BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after buying an additional 21,957 shares during the period. Intech Investment Management LLC grew its holdings 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 worth $4,822,000 after acquiring an additional 39,713 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at about $307,000. Finally, Wealthfront Advisers LLC raised its stake in shares of BJ’s Wholesale Club by 1,462.2% during the fourth quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock valued at $4,843,000 after acquiring an additional 50,738 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.