BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy Sells 19,509 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 19,509 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $70.41, for a total value of $1,373,628.69. Following the transaction, the chief executive officer now directly owns 219,158 shares in the company, valued at $15,430,914.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $71.16 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.12. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $80.41. The stock’s 50 day simple moving average is $66.63 and its two-hundred day simple moving average is $68.84. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 2.70 and a beta of 0.45.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.18 billion. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BJ shares. Loop Capital cut their price target on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. UBS Group decreased their target price on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. JPMorgan Chase & Co. decreased their target price on shares of BJ’s Wholesale Club from $65.00 to $62.00 in a research note on Wednesday, May 24th. Citigroup decreased their target price on shares of BJ’s Wholesale Club from $83.00 to $74.00 in a research note on Wednesday, May 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on BJ’s Wholesale Club from $89.00 to $77.00 in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average target price of $72.33.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in BJ’s Wholesale Club by 1.2% in the first quarter. BlackRock Inc. now owns 12,142,318 shares of the company’s stock worth $923,666,000 after buying an additional 139,425 shares during the last quarter. State Street Corp lifted its position in BJ’s Wholesale Club by 3.4% in the first quarter. State Street Corp now owns 4,445,807 shares of the company’s stock worth $300,581,000 after buying an additional 147,014 shares during the last quarter. Victory Capital Management Inc. lifted its position in BJ’s Wholesale Club by 771.0% in the second quarter. Victory Capital Management Inc. now owns 3,719,578 shares of the company’s stock worth $234,371,000 after buying an additional 3,292,549 shares during the last quarter. River Road Asset Management LLC lifted its position in BJ’s Wholesale Club by 61.7% in the second quarter. River Road Asset Management LLC now owns 3,665,484 shares of the company’s stock worth $230,962,000 after buying an additional 1,398,257 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in BJ’s Wholesale Club by 19.7% in the second quarter. Bessemer Group Inc. now owns 3,081,742 shares of the company’s stock worth $194,179,000 after buying an additional 508,054 shares during the last quarter. 98.60% of the stock is currently 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.