BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Sells $32,052,524.00 in Stock

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

BJ’s Wholesale Club Stock Performance

BJ stock traded down $2.33 during mid-day trading on Tuesday, hitting $112.20. The company had a trading volume of 3,226,721 shares, compared to its average volume of 1,634,517. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $120.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock’s fifty day moving average price is $107.18 and its two-hundred day moving average price is $96.40. The firm has a market cap of $14.77 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BJ shares. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Robert W. Baird upped their target price on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Citigroup upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. Loop Capital increased their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Finally, Barclays upped their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors have recently added to or reduced their stakes in BJ. Parallel Advisors LLC grew its position in shares of BJ’s Wholesale Club by 10.0% during the 1st quarter. Parallel Advisors LLC now owns 1,645 shares of the company’s stock valued at $188,000 after purchasing an additional 149 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of BJ’s Wholesale Club by 17,333.9% during the first quarter. GAMMA Investing LLC now owns 689,164 shares of the company’s stock worth $78,634,000 after acquiring an additional 685,211 shares in the last quarter. Boston Common Asset Management LLC purchased a new stake in BJ’s Wholesale Club during the first quarter valued at about $2,047,000. MassMutual Private Wealth & Trust FSB grew its position in BJ’s Wholesale Club by 25.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 865 shares of the company’s stock worth $99,000 after acquiring an additional 174 shares during the last quarter. Finally, 111 Capital bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at $352,000. Hedge funds and other 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.