Insider Selling: BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Sells 58,436 Shares of Stock

Key Points

• Paul Cichocki, EVP of BJ's Wholesale Club, sold 58,436 shares at an average price of $110.08, resulting in a transaction worth approximately $6.43 million, which represents a 33.86% decrease in his ownership stake.
• The company reported $1.14 earnings per share for the last quarter, beating expectations, while revenue was $5.15 billion, slightly below estimates of $5.18 billion.
• Recent analyst reports have set new price targets for BJ's stock, with Robert W. Baird raising their target from $125 to $130, reflecting a strong positive outlook for the company's stock performance.

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) EVP Paul Cichocki sold 58,436 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the sale, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. The trade was a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Paul Cichocki also recently made the following trade(s):

• On Friday, July 11th, Paul Cichocki sold 43,825 shares of BJ's Wholesale Club stock. The shares were sold at an average price of $106.65, for a total value of $4,673,936.25.

BJ's Wholesale Club Stock Performance

Shares of BJ traded down $0.17 during mid-day trading on Thursday, reaching $108.50. 1,210,381 shares of the company's stock traded hands, compared to its average volume of 1,824,554. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The stock has a market capitalization of $14.33 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.95 and a beta of 0.43. The business's 50-day moving average price is $108.47 and its 200-day moving average price is $109.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BJ. Loop Capital reaffirmed 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. JPMorgan Chase & Co. upped their price objective on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. 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 report on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and set a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its position in BJ's Wholesale Club by 28.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,894 shares of the company's stock worth $795,000 after purchasing an additional 1,973 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of BJ's Wholesale Club during the 4th quarter worth $531,000. Resona Asset Management Co. Ltd. acquired a new position in BJ's Wholesale Club in the 4th quarter valued at $1,821,000. Aster Capital Management DIFC Ltd lifted its position in BJ's Wholesale Club by 770.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company's stock worth $102,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of BJ's Wholesale Club by 12.5% in the fourth quarter. Bank of Montreal Can now owns 16,454 shares of the company's stock valued at $1,470,000 after purchasing an additional 1,826 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

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.