BJ's Wholesale Club (NYSE:BJ) Stock Price Down 3.4% - Here's Why

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) traded down 3.4% on Monday . The company traded as low as $110.37 and last traded at $110.35. 97,920 shares were traded during mid-day trading, a decline of 94% from the average session volume of 1,662,486 shares. The stock had previously closed at $114.25.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BJ shares. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. 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 report on Friday, May 23rd. Evercore ISI dropped their price objective on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Morgan Stanley raised their price objective 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. Finally, Loop Capital restated a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.12.

BJ's Wholesale Club Trading Down 0.7%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. The company's 50 day moving average is $113.26 and its 200 day moving average is $107.12. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.35 and a beta of 0.47.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results 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 business 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 earned $0.85 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. On average, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $111.98, for a total transaction of $2,004,442.00. Following the sale, the chief executive officer directly owned 386,233 shares in the company, valued at approximately $43,250,371.34. The trade was a 4.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Ortega bought 1,740 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director owned 8,641 shares of the company's stock, valued at $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 314,592 shares of company stock valued at $35,977,967. Company insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BJ's Wholesale Club

Institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its position in shares of BJ's Wholesale Club by 66.5% during 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 period. Atlantic Edge Private Wealth Management LLC bought a new position in shares of BJ's Wholesale Club during the first quarter valued at $33,000. HM Payson & Co. acquired a new stake in shares of BJ's Wholesale Club in the 1st quarter valued at $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of BJ's Wholesale Club in the 1st quarter valued at $43,000. Finally, Quarry LP bought a new stake in shares of BJ's Wholesale Club in the 1st quarter worth about $48,000. 98.60% of the stock is owned by institutional investors and hedge funds.

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.