BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BJ's Wholesale Club Stock Performance
NYSE:BJ opened at $79.40 on Thursday. The firm's fifty day moving average price is $72.53 and its 200 day moving average price is $69.20. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $79.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 3.31 and a beta of 0.26.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same period last year, the firm posted $1.00 EPS. BJ's Wholesale Club's quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.
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A number of analysts have issued reports on BJ shares. JPMorgan Chase & Co. boosted their price target on shares of BJ's Wholesale Club from $58.00 to $62.00 and gave the stock an "underweight" rating in a research note on Friday, March 1st. Gordon Haskett lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research note on Wednesday, February 7th. Evercore ISI cut their target price on shares of BJ's Wholesale Club from $84.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 2nd. Wells Fargo & Company restated an "equal weight" rating and set a $70.00 target price (down from $73.00) on shares of BJ's Wholesale Club in a research note on Thursday, January 4th. Finally, The Goldman Sachs Group upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their target price for the stock from $81.00 to $87.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Hold" and an average target price of $74.53.
Check Out Our Latest Research Report on BJ's Wholesale Club
Hedge Funds Weigh In On BJ's Wholesale Club
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in shares of BJ's Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company's stock worth $34,000 after purchasing an additional 153 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of BJ's Wholesale Club by 23.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company's stock worth $59,000 after purchasing an additional 159 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of BJ's Wholesale Club by 5.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company's stock worth $245,000 after purchasing an additional 179 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of BJ's Wholesale Club by 5.0% during the 1st quarter. CIBC Asset Management Inc now owns 3,783 shares of the company's stock worth $288,000 after purchasing an additional 180 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of BJ's Wholesale Club by 3.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,939 shares of the company's stock worth $505,000 after purchasing an additional 206 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
BJ's Wholesale Club Company Profile
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Get Free Report)
BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.
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