BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy Sells 280,400 Shares

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) CEO Robert W. Eddy sold 280,400 shares of BJ's Wholesale Club stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

BJ's Wholesale Club Stock Performance

Shares of BJ traded down $0.17 during midday trading on Friday, reaching $117.13. 2,649,117 shares of the stock were exchanged, compared to its average volume of 1,654,679. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock's 50 day simple moving average is $108.90 and its 200 day simple moving average is $97.56. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $120.43. The company has a market cap of $15.42 billion, a P/E ratio of 28.16, a PEG ratio of 4.50 and a beta of 0.54.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

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Institutional Investors Weigh In On BJ's Wholesale Club

A number of large investors have recently added to or reduced their stakes in BJ. Covestor Ltd increased its holdings in BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after buying an additional 115 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after purchasing an additional 457 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after purchasing an additional 233 shares during the last quarter. UMB Bank n.a. increased its position in BJ's Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after purchasing an additional 253 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in BJ's Wholesale Club in the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BJ. DA Davidson increased their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their target price for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. The Goldman Sachs Group boosted their target price on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. lifted their price target on shares of BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Finally, Loop Capital upped their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "hold" rating in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.