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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BJ’s Wholesale Club Trading Down 1.3 %

Shares of NYSE BJ opened at $85.63 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $62.05 and a 52-week high of $90.43. The firm has a 50 day moving average price of $83.30 and a two-hundred day moving average price of $74.97. The stock has a market cap of $11.36 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 4.1% on a year-over-year basis. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

BJ has been the subject of a number of recent research reports. Loop Capital reissued a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Barclays boosted their target price on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. Bank of America boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Gordon Haskett upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Hold” and an average target price of $82.06.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of BJ’s Wholesale Club by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after purchasing an additional 162 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of BJ’s Wholesale Club by 1.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock valued at $800,000 after purchasing an additional 200 shares during the last quarter. Portside Wealth Group LLC boosted its stake in shares of BJ’s Wholesale Club by 3.7% in the 4th quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock valued at $454,000 after purchasing an additional 241 shares during the last quarter. Tectonic Advisors LLC boosted its stake in BJ’s Wholesale Club by 7.9% during the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after acquiring an additional 260 shares in the last quarter. Finally, Vista Investment Partners LLC boosted its stake in BJ’s Wholesale Club by 0.5% during the first quarter. Vista Investment Partners LLC now owns 47,832 shares of the company’s stock worth $3,618,000 after acquiring an additional 260 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

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.