BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Free Report) CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BJ’s Wholesale Club Price Performance
NYSE BJ opened at $76.83 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $10.20 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.95 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The firm’s 50-day simple moving average is $85.77 and its two-hundred day simple moving average is $81.45.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the company posted $0.97 EPS. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Stock Report on BJ’s Wholesale Club
Hedge Funds Weigh In On BJ’s Wholesale Club
Several hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $1,496,000. Cetera Investment Advisers boosted its holdings in BJ’s Wholesale Club by 23.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,242 shares of the company’s stock valued at $2,656,000 after purchasing an additional 5,800 shares during the period. Truist Financial Corp grew its position in shares of BJ’s Wholesale Club by 6.7% during the 2nd quarter. Truist Financial Corp now owns 228,539 shares of the company’s stock valued at $20,075,000 after purchasing an additional 14,329 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BJ’s Wholesale Club by 123.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock worth $132,000 after purchasing an additional 828 shares during the period. Finally, Creative Planning raised its position in shares of BJ’s Wholesale Club by 10.7% in the second quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after buying an additional 898 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
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 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.
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