BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) EVP Graham Luce sold 16,596 shares of the company’s stock on Tuesday, July 16. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Price development of BJ’s Wholesale Club
NYSE BJ’s shares opened at $89.23 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 3.23 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The company’s 50-day moving average is $86.70 and its 200-day moving average is $76.89.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last announced its quarterly results on Thursday, May 23. The company reported earnings per share of $0.85 for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company posted revenue of $4.92 billion for the quarter compared to analyst expectations of $4.86 billion. In the same quarter last year, the company posted earnings per share of $0.85. The company’s revenue for the quarter increased by 4.1% compared to the same quarter last year. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will report earnings per share of $3.91 for the current fiscal year.
Changes in analyst ratings
Several analysts have recently commented on BJ’s shares. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target for the company from $81.00 to $87.00 in a report on Monday, April 8th. Robert W. Baird increased their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 24th. TD Cowen increased their price target on BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Bank of America increased their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24. Finally, Barclays increased their price target on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.35.
Check out our latest analysis on BJ’s Wholesale Club
Hedge funds comment on BJ’s Wholesale Club
Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club in the 1st quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $45,000. Finally, First Horizon Advisors Inc. increased its stake in BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after buying an additional 302 shares in the last quarter. Institutional investors own 98.60% of the company’s shares.
BJ’s Wholesale Club Company Profile
(Get free report)
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs in the eastern half of the United States. It offers groceries, general merchandise, gasoline and other ancillary services, coupon books and special offers. The company sells its products through the websites BJs.com, BerkleyJensen.com and Wellsleyfarms.com and through the mobile app.
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