Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $1,213,116.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock in a transaction on Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BJ’s Wholesale Club Stock Down 0.6 %

NYSE:BJ opened at $86.07 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.45 and a 1 year high of $88.95. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.08 and a beta of 0.24. The stock has a 50-day moving average price of $78.54 and a two-hundred day moving average price of $71.88.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in BJ’s Wholesale Club during the first quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in BJ’s Wholesale Club during the fourth quarter worth about $40,000. Huntington National Bank raised its holdings in BJ’s Wholesale Club by 159.9% during the third quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after acquiring an additional 411 shares in the last quarter. Park Place Capital Corp raised its holdings in BJ’s Wholesale Club by 42.4% during the first quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock worth $83,000 after acquiring an additional 326 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in BJ’s Wholesale Club by 36.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BJ shares. Robert W. Baird lifted their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Loop Capital reissued a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. DA Davidson lifted their target price on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. UBS Group lifted their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, TD Cowen lifted their price objective on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $81.88.

BJ’s Wholesale Club Company Profile

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.