BJ's Wholesale Club (NYSE:BJ) Stock Price Down 3.4% - Should You Sell?

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) shares traded down 3.4% during trading on Monday . The company traded as low as $110.37 and last traded at $110.35. 97,920 shares traded hands during 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 equities research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Loop Capital reiterated a "hold" rating and issued a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Roth Capital reaffirmed a "neutral" rating and issued a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Finally, DA Davidson lifted their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.12.

BJ's Wholesale Club Stock Performance

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 stock has a market capitalization of $14.29 billion, a P/E ratio of 25.17, a PEG ratio of 3.02 and a beta of 0.45. The business has a 50-day moving average price of $112.92 and a 200 day moving average price of $107.21.

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

Insider Activity at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $111.98, for a total value of $2,004,442.00. Following the transaction, the chief executive officer owned 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the sale, the senior vice president directly owned 14,240 shares of the company's stock, valued at $1,705,097.60. This trade represents a 12.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 300,400 shares of company stock valued at $34,308,420. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BJ's Wholesale Club

Several institutional investors have recently modified their holdings of BJ. Oppenheimer & Co. Inc. bought a new position in BJ's Wholesale Club during the 4th quarter valued at about $307,000. QRG Capital Management Inc. lifted its position in BJ's Wholesale Club by 4.7% during the fourth quarter. QRG Capital Management Inc. now owns 4,329 shares of the company's stock valued at $387,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its holdings in BJ's Wholesale Club by 34.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company's stock worth $113,000 after purchasing an additional 324 shares during the last quarter. Jones Financial Companies Lllp grew its position in BJ's Wholesale Club by 355.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,027 shares of the company's stock worth $270,000 after purchasing an additional 2,363 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in BJ's Wholesale Club by 296.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,646 shares of the company's stock worth $3,900,000 after purchasing an additional 32,635 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

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.