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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 6,840,000 shares, a drop of 9.8% from the September 15th total of 7,580,000 shares. Approximately 5.2% of the company’s shares are short sold. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is currently 4.4 days.

Insider Buying and Selling

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,842 shares of company stock worth $5,433,562 over the last three months. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of BJ. Vista Investment Partners LLC lifted its stake in BJ’s Wholesale Club by 0.3% in the 3rd quarter. Vista Investment Partners LLC now owns 48,419 shares of the company’s stock worth $3,994,000 after purchasing an additional 147 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of BJ’s Wholesale Club by 4.7% during the third quarter. Bleakley Financial Group LLC now owns 10,953 shares of the company’s stock worth $903,000 after purchasing an additional 487 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in BJ’s Wholesale Club during the third quarter worth approximately $282,000. Creative Planning lifted its stake in BJ’s Wholesale Club by 37.4% in the third quarter. Creative Planning now owns 12,771 shares of the company’s stock valued at $1,053,000 after buying an additional 3,473 shares during the last quarter. Finally, Factory Mutual Insurance Co. grew its holdings in shares of BJ’s Wholesale Club by 27.0% during the third quarter. Factory Mutual Insurance Co. now owns 512,837 shares of the company’s stock worth $42,299,000 after buying an additional 108,900 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.6 %

NYSE:BJ traded down $0.53 during trading hours on Thursday, hitting $85.63. The company had a trading volume of 1,133,563 shares, compared to its average volume of 1,514,356. BJ’s Wholesale Club has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a market capitalization of $11.36 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The stock has a 50-day moving average price of $82.90 and a 200 day moving average price of $83.19.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the business posted $0.97 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BJ. Melius Research started coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. Roth Mkm upped their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Bank of America reduced their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $86.31.

BJ’s Wholesale Club Company Profile

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.