BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner Sells 3,799 Shares of Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP William C. Werner sold 3,799 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $70.65, for a total transaction of $268,399.35. Following the transaction, the executive vice president now directly owns 31,081 shares of the company’s stock, valued at $2,195,872.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $71.16 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $80.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71. The company’s fifty day moving average price is $66.63 and its 200 day moving average price is $68.84. The stock has a market capitalization of $9.52 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.70 and a beta of 0.45.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Tuesday, August 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.07. BJ’s Wholesale Club had a net margin of 2.61% and a return on equity of 47.80%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

BJ has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BJ’s Wholesale Club from $89.00 to $77.00 in a research report on Wednesday, May 24th. TD Cowen began coverage on shares of BJ’s Wholesale Club in a report on Thursday, September 14th. They set an “outperform” rating and a $80.00 target price for the company. UBS Group cut their target price on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Evercore ISI lifted their target price on shares of BJ’s Wholesale Club from $68.00 to $69.00 and gave the company an “in-line” rating in a report on Friday, September 8th. Finally, Citigroup cut their target price on shares of BJ’s Wholesale Club from $83.00 to $74.00 in a report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Hold” and an average price target of $72.33.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently added to or reduced their stakes in BJ. Victory Capital Management Inc. boosted its stake in BJ’s Wholesale Club by 771.0% during the 2nd quarter. Victory Capital Management Inc. now owns 3,719,578 shares of the company’s stock worth $234,371,000 after purchasing an additional 3,292,549 shares during the last quarter. Morgan Stanley boosted its position in shares of BJ’s Wholesale Club by 180.8% during the 4th quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock valued at $173,071,000 after acquiring an additional 1,684,174 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of BJ’s Wholesale Club by 145.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock valued at $163,792,000 after acquiring an additional 1,436,785 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of BJ’s Wholesale Club by 61.7% during the 2nd quarter. River Road Asset Management LLC now owns 3,665,484 shares of the company’s stock valued at $230,962,000 after acquiring an additional 1,398,257 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at about $89,816,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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