BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells $2,591,742.12 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Jeff Desroches sold 28,842 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the sale, the executive vice president now owns 58,452 shares in the company, valued at $5,252,496.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeff Desroches also recently made the following trade(s):

• On Friday, May 31st, Jeff Desroches sold 14,106 shares of BJ’s Wholesale Club stock. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00.

BJ’s Wholesale Club Stock Down 0.1 %

BJ’s Wholesale Club stock traded down $0.07 during trading on Tuesday, hitting $91.14. 879,193 shares of the company were exchanged, compared to its average volume of 1,483,390. The business’s 50 day moving average is $86.95 and its 200 day moving average is $77.21. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a market capitalization of $12.10 billion, a P/E ratio of 23.59, a PEG ratio of 3.17 and a beta of 0.23. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BJ. JPMorgan Chase & Co. upped their target price on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, May 23rd. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price target for the company from $81.00 to $87.00 in a research note on Monday, April 8th. Evercore ISI boosted their price target on 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. Finally, Bank of America boosted their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $82.35.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BJ. Blue Trust Inc. bought a new position in BJ’s Wholesale Club in the 2nd quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of BJ’s Wholesale Club during the 1st quarter worth $26,000. Eagle Bay Advisors LLC bought a new position in shares of BJ’s Wholesale Club during the 4th quarter worth $40,000. J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth $45,000. Finally, First Horizon Advisors Inc. grew its stake in shares of BJ’s Wholesale Club by 36.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares during the period. Institutional investors own 98.60% of the company’s stock.

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.