Robert Allan Steele Sells 11,813 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock traded down $0.23 on Tuesday, reaching $111.95. 70,622 shares of the stock were exchanged, compared to its average volume of 1,551,598. The business has a 50 day moving average price of $101.93 and a two-hundred day moving average price of $92.90. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 26.91, a PEG 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 Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40.

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

Hedge Funds Weigh In On BJ’s Wholesale Club

Several large investors have recently made changes to their positions in BJ. Envestnet Portfolio Solutions Inc. grew its position in shares of BJ’s Wholesale Club by 0.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock valued at $1,787,000 after acquiring an additional 105 shares during the period. Lifestyle Asset Management Inc. raised its holdings in BJ’s Wholesale Club by 0.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after acquiring an additional 108 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in BJ’s Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after buying an additional 111 shares during the last quarter. Covestor Ltd increased its position in BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of BJ’s Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after buying an additional 123 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BJ has been the topic of a number of analyst reports. Roth Mkm lifted their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Morgan Stanley boosted their target price on shares of 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. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Robert W. Baird lifted their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, TD Cowen increased their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.71.

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.