Robert W. Eddy Sells 17,900 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded down $0.14 during trading hours on Friday, hitting $106.56. 1,006,420 shares of the company's stock were exchanged, compared to its average volume of 1,687,147. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The stock's 50-day moving average is $112.15 and its 200-day moving average is $107.68.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter last year, the company posted $0.85 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Institutional Trading of BJ's Wholesale Club

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of BJ's Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after buying an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in BJ's Wholesale Club by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company's stock worth $498,219,000 after acquiring an additional 35,130 shares during the period. Bessemer Group Inc. raised its position in shares of BJ's Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after acquiring an additional 1,662,415 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of BJ's Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock valued at $368,393,000 after acquiring an additional 741,782 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of BJ's Wholesale Club by 199.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock valued at $340,759,000 after purchasing an additional 1,989,980 shares during the period. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BJ has been the topic of a number of recent research reports. Citigroup upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Roth Capital reaffirmed a "neutral" rating and set a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Morgan Stanley lifted their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. UBS Group reissued a "buy" rating and issued a $135.00 price target (up previously from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.