Insider Selling: BJ's Wholesale Club (NYSE:BJ) EVP Sells 6,300 Shares of Stock

Key Points

• Graham Luce, EVP of BJ's Wholesale Club, sold 6,300 shares of the company's stock for a total of $629,118, which decreased his position by 35.16%.
• Following this insider transaction, BJ's Wholesale Club stock dropped 1.5% to $97.73, amidst an overall trading volume of 1,476,446 shares.
• Analysts have mixed ratings on BJ's Wholesale Club, with a consensus target price of $113.18, reflecting a range of buy and hold ratings after recent adjustments to price targets.

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) EVP Graham Luce sold 6,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the transaction, the executive vice president directly owned 11,617 shares of the company's stock, valued at $1,160,073.62. This represents a 35.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BJ's Wholesale Club Stock Down 1.5%

Shares of NYSE:BJ traded down $1.53 during trading on Thursday, hitting $97.73. The stock had a trading volume of 1,476,446 shares, compared to its average volume of 1,932,581. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $80.43 and a 12 month high of $121.10. The company has a market capitalization of $12.88 billion, a PE ratio of 22.42, a PEG ratio of 2.65 and a beta of 0.40. The firm's fifty day moving average is $102.70 and its 200 day moving average is $109.16. The company has a quick ratio of 0.17, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. BJ's Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The business's revenue was up 3.2% compared to the same quarter last year. BJ's Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Institutional Trading of BJ's Wholesale Club

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of BJ's Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock worth $2,448,000 after purchasing an additional 10,326 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of BJ's Wholesale Club in the first quarter worth $9,805,000. Colonial River Investments LLC bought a new stake in shares of BJ's Wholesale Club in the first quarter worth $308,000. Diversify Wealth Management LLC grew its holdings in shares of BJ's Wholesale Club by 30.9% in the first quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company's stock worth $1,488,000 after acquiring an additional 3,015 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of BJ's Wholesale Club by 8.3% in the first quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the company's stock worth $370,000 after acquiring an additional 250 shares during the period. Institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BJ shares. Gordon Haskett lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research report on Friday, August 15th. DA Davidson reduced their price objective on BJ's Wholesale Club from $140.00 to $123.00 and set a "buy" rating for the company in a research report on Monday, August 25th. UBS Group reduced their price objective on BJ's Wholesale Club from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, August 25th. Roth Capital reaffirmed a "neutral" rating and set a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company reaffirmed 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. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus target price of $113.18.

BJ's Wholesale Club Company Profile

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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