BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) Executive Vice President Scott Kessler sold 9,514 shares of the company in a trade dated Wednesday, June 15. The stock was sold at an average price of $59.31, for a total transaction of $564,275.34. Following the completion of the sale, the executive vice president now owns 128,326 shares of the company, valued at approximately $7,611,015.06. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink.
BJ lost $0.63 on Friday, hitting $57.98. The company’s shares had a trading volume of 1,993,822 shares, compared to an average trading volume of 1,752,439 shares. The company’s 50-day simple moving average is $62.46 and its 200-day simple moving average is $63.39. The company has a market capitalization of $7.84 billion, a P/E ratio of 17.49, a price-to-earnings growth ratio of 1.92 and a beta of 0.52. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $45.24 and a 12-month high of $74.09. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt ratio of 1.04.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released quarterly earnings data on Thursday, May 19. The company reported EPS of $0.87 for the quarter, beating the consensus estimate of $0.72 by $0.15. The company posted revenue of $4.50 billion in the quarter, versus a consensus estimate of $4.24 billion. BJ’s Wholesale Club achieved a net margin of 2.65% and a return on equity of 77.13%. BJ’s Wholesale Club revenue for the quarter increased 16.2% year over year. During the same period last year, the company achieved EPS of $0.72. Stock analysts predict that BJ’s Wholesale Club Holdings, Inc. will post earnings per share of 3.31 for the current fiscal year.
A number of equity research analysts have published reports on the stock. Credit Suisse Group cut its price target on BJ’s Wholesale Club shares from $80.00 to $70.00 and set an “outperform” rating for the company in a Friday, March 4 research report. Citigroup raised its price target on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a Friday, May 20 research report. Jefferies Financial Group raised its price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a Thursday, June 2 research report. Deutsche Bank Aktiengesellschaft raised its price target on shares of BJ’s Wholesale Club from $70.00 to $74.00 in a research report on Friday, May 20. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 price target on BJ’s Wholesale Club stock in a research report on Monday, May 23. One equity research analyst rated the stock with a sell rating, six issued a hold rating and ten assigned the company a buy rating. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Buy” and a consensus price target of $65.64.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Great Lakes Advisors LLC acquired a new stake in BJ’s Wholesale Club in Q4 for a value of approximately $225,000. Comerica Bank increased its stake in BJ’s Wholesale Club by 33.5% in the third quarter. Comerica Bank now owns 109,086 shares of the company worth $6,690,000 after buying 27,347 more shares last quarter. The Illinois Municipal Retirement Fund increased its stake in BJ’s Wholesale Club by 26.5% in the fourth quarter. The Illinois Municipal Retirement Fund now owns 34,751 shares of the company worth $2,327,000 after purchasing an additional 7,290 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BJ’s Wholesale Club by 0.3% in Q4. Dimensional Fund Advisors LP now owns 1,706,628 shares of the company worth $114,290,000 after purchasing an additional 5,546 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. increased its stake in BJ’s Wholesale Club by 1.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,854 shares of the company worth $2,535,000 after purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 99.98% of the company’s shares.
BJ’s Wholesale Club Company Profile (Get a rating)
BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.
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