Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells 14,192 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 14,192 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total value of $1,669,546.88. Following the transaction, the executive vice president now owns 26,113 shares of the company’s stock, valued at approximately $3,071,933.32. The trade was a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded up $3.68 during trading hours on Thursday, reaching $118.65. 3,387,071 shares of the company’s stock were exchanged, compared to its average volume of 1,609,268. The company has a market capitalization of $15.62 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $119.26. The business’s 50-day simple moving average is $106.51 and its two-hundred day simple moving average is $95.70. 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 issued 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 for the quarter, compared to analysts’ expectations of $5.29 billion. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the topic of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Evercore ISI cut their price target on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a report on Tuesday. The Goldman Sachs Group increased 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. DA Davidson lifted their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Citigroup raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target for the stock from $115.00 to $130.00 in a research note on Thursday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased its position in shares of BJ’s Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares during the period. Brown Brothers Harriman & Co. grew its position in BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after purchasing an additional 457 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in BJ’s Wholesale Club during the 3rd quarter valued at $55,000. Finally, UMB Bank n.a. lifted its holdings in shares of BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.