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

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) EVP William C. Werner sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. This trade represents a 38.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BJ's Wholesale Club Trading Down 1.2 %

Shares of NYSE BJ traded down $1.31 during midday trading on Tuesday, hitting $109.45. The stock had a trading volume of 1,586,370 shares, compared to its average volume of 1,557,921. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $118.40. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 4.50 and a beta of 0.28. The company has a fifty day moving average price of $103.55 and a 200 day moving average price of $93.99.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Remove Ads

Institutional Trading of BJ's Wholesale Club

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its position in shares of BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the period. Brown Brothers Harriman & Co. grew its position in BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after acquiring an additional 457 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of BJ's Wholesale Club by 78.7% during the fourth 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 period. UMB Bank n.a. lifted its position in shares of BJ's Wholesale Club by 68.2% during the fourth 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 acquired a new stake in BJ's Wholesale Club during the 3rd quarter valued at $55,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup upped their target price on BJ's Wholesale Club from $101.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, March 7th. Barclays raised their target price on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Robert W. Baird upped their price target on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. UBS Group raised their price objective on shares of BJ's Wholesale Club from $108.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Roth Mkm increased their target price on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.