Robert W. Eddy Sells 11,000 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the sale, the chief executive officer now owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $78.44 on Friday. The stock has a 50 day moving average of $72.79 and a two-hundred day moving average of $69.27. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42. The company has a market capitalization of $10.43 billion, a P/E ratio of 20.27, a P/E/G ratio of 3.31 and a beta of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter last year, the company earned $1.00 EPS. BJ’s Wholesale Club’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Institutional Investors Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Trust Walden Corp increased its holdings in BJ’s Wholesale Club by 2.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company’s stock valued at $71,569,000 after purchasing an additional 20,703 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of BJ’s Wholesale Club during the third quarter worth $685,000. Envestnet Asset Management Inc. grew its stake in shares of BJ’s Wholesale Club by 46.2% during the third quarter. Envestnet Asset Management Inc. now owns 558,667 shares of the company’s stock worth $39,872,000 after purchasing an additional 176,494 shares during the period. Lazard Asset Management LLC grew its stake in shares of BJ’s Wholesale Club by 342.0% during the third quarter. Lazard Asset Management LLC now owns 233,147 shares of the company’s stock worth $16,639,000 after purchasing an additional 180,397 shares during the period. Finally, Barclays PLC grew its stake in shares of BJ’s Wholesale Club by 64.2% during the third quarter. Barclays PLC now owns 131,362 shares of the company’s stock worth $9,375,000 after purchasing an additional 51,349 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Gordon Haskett downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Wednesday, February 7th. Evercore ISI decreased their price target on BJ’s Wholesale Club from $84.00 to $80.00 and set an “in-line” rating for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Finally, The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the stock from $81.00 to $87.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $74.53.

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.