BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) SVP Sells $77,370.00 in Stock

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company's stock, valued at $998,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ traded down $0.98 during midday trading on Wednesday, reaching $75.28. 3,372,849 shares of the company were exchanged, compared to its average volume of 1,419,287. The stock has a market cap of $10.01 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 3.29 and a beta of 0.26. The business's fifty day moving average is $73.47 and its two-hundred day moving average is $69.30. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. BJ's Wholesale Club Holdings, Inc. has a one year low of $60.33 and a one year high of $80.42.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. BJ's Wholesale Club's revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. As a group, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On BJ's Wholesale Club

A number of hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in shares of BJ's Wholesale Club by 39.7% in the third quarter. FMR LLC now owns 16,013,702 shares of the company's stock valued at $1,142,898,000 after acquiring an additional 4,548,963 shares during the period. BlackRock Inc. raised its stake in shares of BJ's Wholesale Club by 1.2% in the first quarter. BlackRock Inc. now owns 12,142,318 shares of the company's stock valued at $923,666,000 after acquiring an additional 139,425 shares during the period. Victory Capital Management Inc. raised its stake in shares of BJ's Wholesale Club by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company's stock valued at $342,385,000 after acquiring an additional 590,113 shares during the period. State Street Corp raised its stake in shares of BJ's Wholesale Club by 3.4% in the first quarter. State Street Corp now owns 4,445,807 shares of the company's stock valued at $300,581,000 after acquiring an additional 147,014 shares during the period. Finally, Morgan Stanley raised its stake in shares of BJ's Wholesale Club by 10.3% in the third quarter. Morgan Stanley now owns 3,940,441 shares of the company's stock valued at $281,229,000 after acquiring an additional 369,317 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BJ shares. Wells Fargo & Company reissued an "equal weight" rating and set a $70.00 price objective (down from $73.00) on shares of BJ's Wholesale Club in a report on Thursday, January 4th. The Goldman Sachs Group upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price target for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. upped their price target on shares of BJ's Wholesale Club from $58.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday, March 1st. Gordon Haskett lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Wednesday, February 7th. Finally, Evercore ISI dropped their price target on shares of BJ's Wholesale Club from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.40.

About BJ's Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.