BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $2,208,200.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website.

BJ’s Wholesale Club Trading Up 1.6 %

Shares of BJ’s Wholesale Club stock opened at $110.35 on Monday. The company’s fifty day simple moving average is $103.26 and its 200-day simple moving average is $93.76. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 4.50 and a beta of 0.28. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on BJ shares. Barclays upped their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Citigroup upped their price objective on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. TD Cowen upped their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.71.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently bought and sold shares of the business. 111 Capital bought a new stake in BJ’s Wholesale Club in the 4th quarter valued at $352,000. Wealth Enhancement Advisory Services LLC increased its holdings in BJ’s Wholesale Club by 95.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock valued at $994,000 after buying an additional 5,442 shares during the period. Centaurus Financial Inc. bought a new stake in BJ’s Wholesale Club in the 4th quarter valued at $148,000. Menard Financial Group LLC increased its holdings in BJ’s Wholesale Club by 5.7% in the 4th quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock valued at $265,000 after buying an additional 160 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in BJ’s Wholesale Club by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after buying an additional 43,106 shares during the period. Institutional investors 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.