BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) shot up 2.3% on Friday following insider buying activity. The stock traded as high as $113.99 and last traded at $113.58. 97,912 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,662,613 shares. The stock had previously closed at $111.04.
Specifically, Director Steven L. Ortega purchased 1,740 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director now owns 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on BJ. 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. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. UBS Group reiterated 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 note on Friday, May 23rd. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, 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 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's stock. Based on data from MarketBeat.com, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average price target of $116.12.
View Our Latest Stock Report on BJ
BJ's Wholesale Club Price Performance
The business has a 50-day simple moving average of $115.12 and a 200 day simple moving average of $104.65. The stock has a market cap of $14.92 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business's revenue was up 4.8% on a year-over-year basis. On average, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.
Institutional Investors Weigh In On BJ's Wholesale Club
A number of institutional investors have recently made changes to their positions in the stock. 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. Bessemer Group Inc. lifted its stake in shares of BJ's Wholesale Club by 65.9% in the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock valued at $477,709,000 after purchasing an additional 1,662,415 shares during the period. Select Equity Group L.P. lifted its stake in shares of BJ's Wholesale Club by 1,230.1% in the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company's stock valued at $198,458,000 after purchasing an additional 1,608,571 shares during the period. Norges Bank acquired a new position in shares of BJ's Wholesale Club in the 4th quarter valued at about $135,344,000. Finally, Alliancebernstein L.P. lifted its stake in shares of BJ's Wholesale Club by 658.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock valued at $136,100,000 after purchasing an additional 1,322,425 shares during the period. Institutional investors own 98.60% of the company's stock.
About BJ's Wholesale Club
(
Get Free Report)
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.
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