BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $2,208,200.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. This trade represents a 38.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $110.35 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a 50-day moving average of $103.26 and a 200-day moving average of $93.66. The company has a market cap of $14.58 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club Holdings, Inc. has a one year low of $71.81 and a one year high of $118.40.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds have recently added to or reduced their stakes in BJ. 111 Capital bought a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at about $352,000. Wealth Enhancement Advisory Services LLC grew its stake in BJ’s Wholesale Club by 95.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock valued at $994,000 after buying an additional 5,442 shares during the last quarter. Centaurus Financial Inc. bought a new position in BJ’s Wholesale Club in the 4th quarter valued at about $148,000. Menard Financial Group LLC lifted its position in BJ’s Wholesale Club by 5.7% during the fourth quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock worth $265,000 after acquiring an additional 160 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after acquiring an additional 43,106 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BJ shares. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Barclays increased their target price on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Loop Capital boosted their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

About BJ’s Wholesale Club

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.