BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Short Interest Update

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) was the target of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 9,370,000 shares, a growth of 10.6% from the February 14th total of 8,470,000 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is presently 7.2 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BJ shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $70.00 price objective (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Roth Mkm restated a “neutral” rating and set a $63.00 target price on shares of BJ’s Wholesale Club in a research report on Monday, November 20th. JPMorgan Chase & Co. raised their price objective 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. Citigroup cut their price target on BJ’s Wholesale Club from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, November 20th. Finally, Evercore ISI cut their target price on shares of BJ’s Wholesale Club from $68.00 to $64.00 and set an “in-line” rating for the company in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Hold” and an average price target of $72.53.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC lifted its holdings in shares of BJ’s Wholesale Club by 45.3% in the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after buying an additional 153 shares during the period. ST Germain D J Co. Inc. acquired a new position in BJ’s Wholesale Club in the 2nd quarter worth about $37,000. Eagle Bay Advisors LLC acquired a new position in BJ’s Wholesale Club in the 4th quarter worth about $40,000. Huntington National Bank raised its holdings in shares of BJ’s Wholesale Club by 159.9% during the third quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after acquiring an additional 411 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 1.7 %

Shares of NYSE BJ opened at $76.40 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $68.64 and a two-hundred day simple moving average of $68.21. The firm has a market cap of $10.19 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 3.25 and a beta of 0.26. BJ’s Wholesale Club has a twelve month low of $60.33 and a twelve month high of $78.97.

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

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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.