BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy Sells 11,965 Shares

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,965 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $70.04, for a total transaction of $838,028.60. Following the sale, the chief executive officer now owns 238,667 shares in the company, valued at $16,716,236.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $71.16 on Tuesday. The company’s fifty day moving average is $66.63 and its two-hundred day moving average is $68.84. The company has a quick ratio of 0.12, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $80.41. The company has a market cap of $9.52 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.18 billion. BJ’s Wholesale Club had a net margin of 2.61% and a return on equity of 47.80%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup cut their price objective on BJ’s Wholesale Club from $83.00 to $74.00 in a report on Wednesday, May 24th. Loop Capital cut their price objective on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. UBS Group cut their price objective on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Morgan Stanley reduced their target price on shares of BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, August 23rd. Finally, TD Cowen began coverage on shares of BJ’s Wholesale Club in a report on Thursday, September 14th. They set an “outperform” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.33.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds have recently made changes to their positions in BJ. Ameritas Advisory Services LLC acquired a new stake in BJ’s Wholesale Club during the first quarter valued at $25,000. Parkside Financial Bank & Trust boosted its position in BJ’s Wholesale Club by 1,364.0% during the first quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $28,000 after purchasing an additional 341 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at $26,000. CoreCap Advisors LLC acquired a new stake in BJ’s Wholesale Club during the fourth quarter valued at $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in BJ’s Wholesale Club during the first quarter valued at $35,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

About BJ’s Wholesale Club

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