BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Sells $32,052,524.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 280,400 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the sale, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. The trade was a 39.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BJ’s Wholesale Club Trading Up 4.1 %

Shares of BJ opened at $117.68 on Friday. The business’s 50-day moving average price is $108.62 and its 200-day moving average price is $97.31. 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 twelve month low of $71.81 and a twelve month high of $120.43. The stock has a market cap of $15.50 billion, a PE ratio of 28.29, a P/E/G ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently added to or reduced their stakes in BJ. Clearbridge Investments LLC increased its position in shares of BJ’s Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after purchasing an additional 245,731 shares during the last quarter. Neo Ivy Capital Management purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $828,000. Sanctuary Advisors LLC increased its holdings in shares of BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after buying an additional 21,957 shares during the last quarter. Intech Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 278.6% during the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock valued at $4,822,000 after buying an additional 39,713 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth $307,000. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BJ shares. Barclays upped their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. The Goldman Sachs Group increased their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Citigroup raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, Morgan Stanley increased their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.82.

BJ’s Wholesale Club Company Profile

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.