Robert W. Eddy Sells 280,400 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 280,400 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the sale, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BJ’s Wholesale Club Price Performance

BJ stock opened at $113.01 on Thursday. The stock has a 50-day moving average price of $108.25 and a two-hundred day moving average price of $97.06. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.43. The stock has a market cap of $14.88 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. 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 (NYSE:BJ) last posted its quarterly earnings data 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. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its position in BJ’s Wholesale Club by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 6,913 shares of the company’s stock worth $570,000 after buying an additional 392 shares in the last quarter. HighTower Advisors LLC raised its holdings in BJ’s Wholesale Club by 6.1% during the third quarter. HighTower Advisors LLC now owns 16,401 shares of the company’s stock worth $1,347,000 after acquiring an additional 947 shares in the last quarter. Janus Henderson Group PLC boosted its position in BJ’s Wholesale Club by 10.0% during the third quarter. Janus Henderson Group PLC now owns 107,652 shares of the company’s stock valued at $8,878,000 after purchasing an additional 9,744 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in BJ’s Wholesale Club by 5.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock valued at $224,000 after purchasing an additional 133 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of BJ’s Wholesale Club by 44.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,900 shares of the company’s stock worth $1,971,000 after purchasing an additional 7,374 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. DA Davidson lifted their price objective on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Loop Capital increased their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Evercore ISI reduced their target price 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, April 1st. Finally, Morgan Stanley upped their price target on 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.82.

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.