BJ’s Wholesale Club (NYSE:BJ) CEO Sells 8,000 Shares

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert Eddy sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $95.22, for a total value of $761,760.00. Following the completion of the sale, the chief executive officer owned 266,330 shares of the company’s stock, valued at approximately $25,359,942.60. This trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded up $0.28 during mid-day trading on Thursday, reaching $93.26. 1,037,507 shares of the stock were exchanged, compared to its average volume of 1,965,247. The company has a current ratio of 0.73, a quick ratio of 0.19 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $93.35 and a 200 day moving average price of $92.95. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $83.21 and a 1-year high of $105.78. The firm has a market capitalization of $11.78 billion, a PE ratio of 20.41, a PEG ratio of 2.79 and a beta of 0.18.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Friday, August 21st. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.97 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 27.40%. BJ’s Wholesale Club’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 EPS. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on BJ shares. JPMorgan Chase & Co. lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded BJ’s Wholesale Club from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Citigroup raised their price objective on BJ’s Wholesale Club from $100.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Roth Capital reaffirmed a “neutral” rating and set a $97.00 target price on shares of BJ’s Wholesale Club in a research report on Monday, August 24th. Finally, Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus price target of $106.06.

Institutional Investors Weigh In On BJ’s Wholesale Club

Hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in BJ’s Wholesale Club by 9.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,305 shares of the company’s stock worth $637,000 after purchasing an additional 610 shares during the period. Engineers Gate Manager LP raised its stake in BJ’s Wholesale Club by 10,728.2% during the 2nd quarter. Engineers Gate Manager LP now owns 302,324 shares of the company’s stock valued at $26,369,000 after purchasing an additional 299,532 shares during the period. Integrated Wealth Concepts LLC raised its stake in BJ’s Wholesale Club by 112.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,286 shares of the company’s stock valued at $984,000 after purchasing an additional 5,981 shares during the period. Maven Securities LTD purchased a new stake in shares of BJ’s Wholesale Club in the second quarter valued at $3,221,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of BJ’s Wholesale Club by 59.6% in the second quarter. NewEdge Advisors LLC now owns 7,459 shares of the company’s stock valued at $651,000 after purchasing an additional 2,786 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc operates a membership-based warehouse club chain in the United States. The company sells a broad selection of products at discounted prices, including groceries, fresh foods, household essentials, electronics, appliances, furniture, apparel, health and beauty products, and seasonal merchandise.

BJ’s also operates gasoline stations at many of its locations and offers services such as optical, tire, and hearing-aid centers at select clubs. Its business combines physical warehouse clubs with digital shopping options, including online ordering, delivery, and curbside pickup where available.