Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells 20,000 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was 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 in the company, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock traded up $1.72 during trading on Friday, hitting $110.35. 2,624,363 shares of the company were exchanged, compared to its average volume of 1,556,726. The firm has a 50 day moving average price of $102.99 and a 200 day moving average price of $93.35. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 26.53, 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 Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 return on equity of 35.41% and a net margin of 2.71%. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds have recently modified their holdings of the company. 111 Capital acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $352,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BJ’s Wholesale Club by 95.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock worth $994,000 after purchasing an additional 5,442 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth $148,000. Menard Financial Group LLC grew its position in shares of BJ’s Wholesale Club by 5.7% in the fourth quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock valued at $265,000 after purchasing an additional 160 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in BJ’s Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after purchasing an additional 43,106 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BJ shares. The Goldman Sachs Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a report on Monday, March 10th. Morgan Stanley lifted 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. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Loop Capital raised their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus 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.