Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells 20,000 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

BJ’s Wholesale Club Stock Performance

BJ traded up $1.72 on Friday, hitting $110.35. 2,624,363 shares of the company’s stock were exchanged, compared to its average volume of 1,556,726. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $102.99 and a two-hundred day moving average of $93.35. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40. The firm has a market cap of $14.58 billion, a PE ratio of 26.53, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, March 7th. Jefferies Financial Group lifted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group upped their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. UBS Group lifted their price objective on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, DA Davidson boosted their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently added to or reduced their stakes in the stock. 111 Capital bought a new position in shares of BJ’s Wholesale Club during the fourth quarter worth about $352,000. Wealth Enhancement Advisory Services LLC increased its position in BJ’s Wholesale Club by 95.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock valued at $994,000 after acquiring an additional 5,442 shares during the period. Centaurus Financial Inc. bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at $148,000. Menard Financial Group LLC boosted its position in BJ’s Wholesale Club by 5.7% during the 4th quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock worth $265,000 after acquiring an additional 160 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of BJ’s Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after purchasing an additional 43,106 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

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.