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 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) 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

Several brokerages have weighed in on BJ. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Thursday, May 23rd. TD Cowen boosted their price target on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Evercore ISI increased their price objective on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Barclays boosted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Finally, Roth Mkm increased their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $86.07.

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.