Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Director Sells 11,813 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $110.06 on Thursday. The company’s 50 day simple moving average is $102.67 and its two-hundred day simple moving average is $93.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40. The stock has a market capitalization of $14.54 billion, a PE ratio of 26.46, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently modified their holdings of the business. Covestor Ltd raised its stake in BJ’s Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after purchasing an additional 115 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after buying an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings 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 worth $47,000 after buying an additional 457 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at $55,000. Finally, UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 253 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BJ. DA Davidson raised 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 report on Friday, March 7th. UBS Group lifted their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays increased their price objective on 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. Jefferies Financial Group boosted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their price target on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently 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.