Robert W. Eddy Sells 11,000 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BJ’s Wholesale Club Stock Up 1.1 %

NYSE BJ traded up $0.91 during trading hours on Friday, reaching $85.64. 916,486 shares of the company traded hands, compared to its average volume of 1,482,400. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.35 billion, a PE ratio of 21.59, a PEG ratio of 3.15 and a beta of 0.25. The company has a 50 day moving average of $83.05 and a two-hundred day moving average of $83.84.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Loop Capital boosted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Bank of America decreased their price objective on shares of 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. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BJ. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth $25,000. Davis Capital Management acquired a new stake in shares of BJ’s Wholesale Club during the third quarter worth $25,000. UMB Bank n.a. raised its holdings in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the third quarter worth $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth $45,000. 98.60% of the stock is currently owned by institutional investors.

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.