Insider Selling: BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Director Sells $1,270,960.67 in Stock

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

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $108.51 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The stock’s 50-day moving average is $102.99 and its two-hundred day moving average is $93.35. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $118.40.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of large investors have recently modified their holdings of BJ. Covestor Ltd lifted its position in shares of BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC raised its stake in BJ’s Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in BJ’s Wholesale Club by 652.9% during 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 BJ’s Wholesale Club during the 3rd quarter worth about $55,000. Finally, UMB Bank n.a. boosted its position 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 in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on BJ. Morgan Stanley lifted their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Citigroup boosted their price objective 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. UBS Group increased their target price on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Finally, Loop Capital increased their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.