Joseph Mcgrail Sells 1,000 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

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

BJ’s Wholesale Club Stock Down 3.6 %

BJ stock opened at $72.55 on Friday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $60.33 and a twelve month high of $80.42. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.65 billion, a P/E ratio of 18.75, a PEG ratio of 3.30 and a beta of 0.26. The business’s 50-day moving average price is $73.77 and its 200-day moving average price is $69.37.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the previous year, the firm earned $1.00 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State of Michigan Retirement System lifted its holdings in BJ’s Wholesale Club by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 32,715 shares of the company’s stock worth $2,475,000 after purchasing an additional 600 shares in the last quarter. Financial Strategies Group Inc. purchased a new position in BJ’s Wholesale Club in the 1st quarter worth approximately $215,000. Congress Wealth Management LLC DE lifted its holdings in BJ’s Wholesale Club by 19.4% in the 1st quarter. Congress Wealth Management LLC DE now owns 172,906 shares of the company’s stock worth $13,080,000 after purchasing an additional 28,152 shares in the last quarter. Park Place Capital Corp lifted its holdings in BJ’s Wholesale Club by 42.4% in the 1st quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock worth $83,000 after purchasing an additional 326 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in BJ’s Wholesale Club by 3.3% in the 1st quarter. Park Avenue Securities LLC now owns 12,721 shares of the company’s stock worth $962,000 after purchasing an additional 404 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their target price for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. raised their target price on 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. Evercore ISI dropped their target price on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday. Wells Fargo & Company reissued an “equal weight” rating and issued a $70.00 target price (down from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. Finally, Loop Capital reissued a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.