BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) CEO Robert W. Eddy sold 280,400 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at $48,242,592.23. This trade represents a 39.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
BJ's Wholesale Club Stock Performance
BJ's Wholesale Club stock opened at $112.20 on Wednesday. The stock has a 50-day simple moving average of $107.71 and a 200 day simple moving average of $96.73. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 4.50 and a beta of 0.54. 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 12-month low of $71.81 and a 12-month high of $120.43.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced 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. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in BJ's Wholesale Club by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock valued at $1,787,000 after acquiring an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. lifted its position in BJ's Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock valued at $1,191,000 after purchasing an additional 108 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of BJ's Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock valued at $1,353,000 after purchasing an additional 111 shares during the last quarter. Covestor Ltd grew its position in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of BJ's Wholesale Club by 2.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock worth $675,000 after buying an additional 119 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BJ. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price objective for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Evercore ISI reduced their price target on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. DA Davidson boosted their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, March 7th. TD Cowen increased their target price 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, The Goldman Sachs Group boosted their price target on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.82.
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BJ's Wholesale Club Company Profile
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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.
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