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

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) CEO Robert W. Eddy sold 17,900 shares of the business's 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 transaction, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BJ's Wholesale Club Price Performance

Shares of BJ traded down $0.23 during trading hours on Thursday, reaching $107.30. 233,218 shares of the company traded hands, compared to its average volume of 1,684,356. The stock has a market capitalization of $14.17 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.45. The stock has a fifty day simple moving average of $112.37 and a 200 day simple moving average of $107.58. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On BJ's Wholesale Club

Several large investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the 1st quarter worth about $33,000. HM Payson & Co. acquired a new stake in BJ's Wholesale Club in the 1st quarter worth about $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the 1st quarter worth about $43,000. Finally, Tortoise Investment Management LLC boosted its stake in BJ's Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of recent research reports. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their target price for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. Morgan Stanley boosted their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. DA Davidson lifted their price target on BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird lifted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

About BJ's Wholesale Club

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.