Scott Kessler Sells 2,125 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) EVP Scott Kessler sold 2,125 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $60.27, for a total value of $128,073.75. Following the completion of the transaction, the executive vice president now directly owns 124,481 shares of the company’s stock, valued at $7,502,469.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Scott Kessler also recently made the following trade(s):

• On Wednesday, June 15th, Scott Kessler sold 9,514 shares of BJ’s Wholesale Club stock. The shares were sold at an average price of $59.31, for a total value of $564,275.34.

BJ traded up $1.52 during trading on Thursday, reaching $61.54. 2,273,642 shares of the stock were exchanged, compared to its average volume of 1,761,089. The business’s 50 day moving average price is $61.71 and its two-hundred day moving average price is $63.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.14. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.95 and a beta of 0.52. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $45.60 and a 1 year high of $74.09.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last posted its earnings results on Thursday, May 19th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club had a return on equity of 77.13% and a net margin of 2.65%. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the business earned $0.72 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.32 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in BJ. Great Lakes Advisors LLC acquired a new position in BJ’s Wholesale Club in the 4th quarter valued at about $225,000. Comerica Bank raised its stake in BJ’s Wholesale Club by 33.5% in the 3rd quarter. Comerica Bank now owns 109,086 shares of the company’s stock valued at $6,690,000 after purchasing an additional 27,347 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in BJ’s Wholesale Club by 26.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 34,751 shares of the company’s stock valued at $2,327,000 after purchasing an additional 7,290 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in BJ’s Wholesale Club by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,706,628 shares of the company’s stock valued at $114,290,000 after purchasing an additional 5,546 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its stake in BJ’s Wholesale Club by 1.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,854 shares of the company’s stock valued at $2,535,000 after purchasing an additional 625 shares during the last quarter. 99.98% of the stock is owned by institutional investors.

Several brokerages recently issued reports on BJ. Deutsche Bank Aktiengesellschaft boosted their price target on BJ’s Wholesale Club from $70.00 to $74.00 in a research report on Friday, May 20th. Credit Suisse Group cut their price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 4th. Citigroup lifted their price objective on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, May 20th. Jefferies Financial Group boosted their price objective on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a research note on Thursday, June 2nd. Finally, Robert W. Baird restated an “outperform” rating and issued a $70.00 target price on shares of BJ’s Wholesale Club in a research note on Monday, May 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.64.

About BJ’s Wholesale Club (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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