Insider Buying: BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Director Acquires 1,740 Shares of Stock

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) Director Steven L. Ortega bought 1,740 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, the director now owns 8,641 shares in the company, valued at approximately $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BJ's Wholesale Club Stock Performance

Shares of BJ stock traded up $2.32 during trading hours on Friday, hitting $113.36. The company's stock had a trading volume of 2,019,101 shares, compared to its average volume of 1,663,509. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $115.12 and a 200 day moving average of $104.65. 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 cap of $14.92 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter last year, the company earned $0.85 EPS. The business's revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Institutional Trading of BJ's Wholesale Club

A number of institutional investors have recently made changes to their positions in BJ. Barclays PLC boosted its holdings in shares of BJ's Wholesale Club by 118.6% during the 3rd quarter. Barclays PLC now owns 144,652 shares of the company's stock worth $11,931,000 after purchasing an additional 78,470 shares during the last quarter. Avior Wealth Management LLC grew its holdings in BJ's Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company's stock valued at $104,000 after buying an additional 703 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of BJ's Wholesale Club by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,740 shares of the company's stock worth $870,000 after acquiring an additional 245 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of BJ's Wholesale Club by 120.7% during the 4th quarter. Blue Trust Inc. now owns 1,905 shares of the company's stock worth $157,000 after acquiring an additional 1,042 shares during the period. Finally, KBC Group NV boosted its position in shares of BJ's Wholesale Club by 47.3% during the 4th quarter. KBC Group NV now owns 5,088 shares of the company's stock valued at $455,000 after acquiring an additional 1,634 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Loop Capital reissued a "hold" rating and issued a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Roth Capital reaffirmed a "neutral" rating and set a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday. The Goldman Sachs Group increased their target price on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus target price of $116.12.

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.