BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Scott Kessler Sells 32,813 Shares

Friday, June 11, 2021 | MarketBeat

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Scott Kessler sold 32,813 shares of the stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $47.40, for a total transaction of $1,555,336.20. Following the completion of the sale, the executive vice president now directly owns 172,574 shares in the company, valued at approximately $8,180,007.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NYSE BJ opened at $47.38 on Friday. The stock has a 50 day moving average of $45.47. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.42. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $32.84 and a 52-week high of $50.18.

BJ's Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Wednesday, May 19th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.15. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.59 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 161.94%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. As a group, equities research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 2.61 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of BJ. Winslow Evans & Crocker Inc. grew its holdings in BJ's Wholesale Club by 200.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 825 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new position in BJ's Wholesale Club during the first quarter valued at approximately $31,000. Lazard Asset Management LLC acquired a new position in BJ's Wholesale Club during the fourth quarter valued at approximately $32,000. Advisors Asset Management Inc. acquired a new position in BJ's Wholesale Club during the first quarter valued at approximately $35,000. Finally, Laffer Tengler Investments acquired a new position in BJ's Wholesale Club during the fourth quarter valued at approximately $43,000.

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of BJ's Wholesale Club from $44.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, May 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of BJ's Wholesale Club from $44.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, May 21st. Robert W. Baird increased their target price on shares of BJ's Wholesale Club from $47.00 to $54.00 and gave the company an "outperform" rating in a research report on Friday, May 21st. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from a "neutral" rating to an "overweight" rating and increased their target price for the company from $40.00 to $51.00 in a research report on Thursday, May 13th. Finally, Zacks Investment Research upgraded shares of BJ's Wholesale Club from a "sell" rating to a "hold" rating and set a $51.00 target price for the company in a research report on Monday, May 17th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of "Buy" and an average target price of $49.75.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products, as well as gasoline and other ancillary services. The company also sells its products through its website and mobile app.

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