Robert W. Eddy Sells 11,965 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert W. Eddy sold 11,965 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $70.04, for a total value of $838,028.60. Following the sale, the chief executive officer now owns 238,667 shares in the company, valued at $16,716,236.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BJ’s Wholesale Club Trading Up 2.6 %

BJ traded up $1.77 during midday trading on Monday, reaching $71.15. 2,681,310 shares of the company were exchanged, compared to its average volume of 1,789,461. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71. The stock has a market capitalization of $9.51 billion, a P/E ratio of 19.08, a PEG ratio of 2.70 and a beta of 0.45. The stock’s 50-day simple moving average is $66.50 and its 200 day simple moving average is $68.86. BJ’s Wholesale Club Holdings, Inc. has a one year low of $60.33 and a one year high of $80.41.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Tuesday, August 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. BJ’s Wholesale Club had a net margin of 2.61% and a return on equity of 47.80%. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently made changes to their positions in BJ. Park Place Capital Corp acquired a new position in BJ’s Wholesale Club in the first quarter valued at about $88,000. CHICAGO TRUST Co NA bought a new position in shares of BJ’s Wholesale Club during the 1st quarter valued at about $220,000. Eagle Asset Management Inc. grew its position in shares of BJ’s Wholesale Club by 14.7% in the 1st quarter. Eagle Asset Management Inc. now owns 12,624 shares of the company’s stock valued at $960,000 after purchasing an additional 1,620 shares during the period. GPS Wealth Strategies Group LLC bought a new stake in BJ’s Wholesale Club during the 1st quarter worth approximately $1,699,000. Finally, Renaissance Group LLC raised its holdings in BJ’s Wholesale Club by 9.6% during the 1st quarter. Renaissance Group LLC now owns 399,004 shares of the company’s stock worth $30,352,000 after buying an additional 35,032 shares during the period. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BJ. Credit Suisse Group reduced their price objective on BJ’s Wholesale Club from $80.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, August 17th. JPMorgan Chase & Co. decreased their price objective on shares of BJ’s Wholesale Club from $65.00 to $62.00 in a report on Wednesday, May 24th. Bank of America dropped their target price on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Robert W. Baird decreased their price target on shares of BJ’s Wholesale Club from $90.00 to $80.00 in a research note on Wednesday, May 24th. Finally, Citigroup dropped their price objective on shares of BJ’s Wholesale Club from $83.00 to $74.00 in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.33.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.