Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Sells 1,000 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BJ’s Wholesale Club Trading Down 1.3 %

BJ traded down $0.99 during midday trading on Wednesday, reaching $75.27. 1,603,628 shares of the company’s stock traded hands, compared to its average volume of 1,393,495. The firm has a fifty day moving average of $73.47 and a two-hundred day moving average of $69.30. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 3.29 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. BJ’s Wholesale Club’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on BJ shares. Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 target price (down from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Gordon Haskett cut 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 report on Wednesday, February 7th. Finally, Evercore ISI reduced their price target on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday. One 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 company’s stock. According to MarketBeat, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus target price of $74.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. purchased a new stake in BJ’s Wholesale Club during the 1st quarter valued at $268,000. HighTower Advisors LLC raised its holdings in BJ’s Wholesale Club by 44.3% in the 1st quarter. HighTower Advisors LLC now owns 7,180 shares of the company’s stock worth $487,000 after purchasing an additional 2,203 shares during the period. PNC Financial Services Group Inc. raised its holdings in BJ’s Wholesale Club by 104.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,961 shares of the company’s stock worth $741,000 after purchasing an additional 5,607 shares during the period. Bank of Montreal Can raised its holdings in BJ’s Wholesale Club by 7.4% during the first quarter. Bank of Montreal Can now owns 12,440 shares of the company’s stock valued at $843,000 after acquiring an additional 862 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in BJ’s Wholesale Club by 7.7% during the first quarter. Great West Life Assurance Co. Can now owns 74,006 shares of the company’s stock valued at $5,143,000 after acquiring an additional 5,272 shares during the period. Institutional investors own 98.60% of the company’s stock.

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 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.