Insider Selling: BJs Wholesale Club Holdings Inc (NYSE:BJ) EVP Sells 76,367 Shares of Stock

BJs Wholesale Club Holdings Inc (NYSE:BJ) EVP Robert W. Eddy sold 76,367 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $27.12, for a total value of $2,071,073.04. Following the completion of the sale, the executive vice president now directly owns 157,031 shares of the company’s stock, valued at approximately $4,258,680.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE BJ traded up $0.06 during trading hours on Friday, hitting $27.23. 1,348,171 shares of the company’s stock were exchanged, compared to its average volume of 2,296,434. The stock has a 50-day simple moving average of $24.13 and a 200 day simple moving average of $25.71. BJs Wholesale Club Holdings Inc has a 1-year low of $19.31 and a 1-year high of $32.92. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.62 and a beta of 1.44.

BJs Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. BJs Wholesale Club had a negative return on equity of 102.69% and a net margin of 1.59%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that BJs Wholesale Club Holdings Inc will post 1.48 EPS for the current year.

Several equities research analysts have recently weighed in on BJ shares. Jefferies Financial Group set a $34.00 price target on BJs Wholesale Club and gave the company a “buy” rating in a research note on Friday, August 23rd. Goldman Sachs Group started coverage on BJs Wholesale Club in a research note on Thursday, July 11th. They issued a “buy” rating and a $29.00 price target for the company. ValuEngine raised BJs Wholesale Club from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their price target on BJs Wholesale Club from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Finally, UBS Group increased their price target on BJs Wholesale Club from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $30.82.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc boosted its holdings in BJs Wholesale Club by 270.8% in the first quarter. NumerixS Investment Technologies Inc now owns 17,800 shares of the company’s stock worth $482,000 after acquiring an additional 13,000 shares in the last quarter. Washington Capital Management Inc. boosted its holdings in BJs Wholesale Club by 22.0% in the second quarter. Washington Capital Management Inc. now owns 19,400 shares of the company’s stock worth $512,000 after acquiring an additional 3,500 shares in the last quarter. Rhumbline Advisers boosted its holdings in BJs Wholesale Club by 68.0% in the first quarter. Rhumbline Advisers now owns 169,067 shares of the company’s stock worth $4,632,000 after acquiring an additional 68,460 shares in the last quarter. California State Teachers Retirement System boosted its holdings in BJs Wholesale Club by 71.5% in the first quarter. California State Teachers Retirement System now owns 195,386 shares of the company’s stock worth $5,354,000 after acquiring an additional 81,466 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in BJs Wholesale Club in the second quarter worth approximately $755,000. 98.74% of the stock is owned by institutional investors and hedge funds.

About BJs Wholesale Club

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Insider Buying and Selling by Quarter for BJs Wholesale Club (NYSE:BJ)

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