Monica Schwartz Sells 13,578 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares in the company, valued at $1,067,481.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $77.02 on Friday. 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 firm has a 50-day simple moving average of $73.05 and a 200 day simple moving average of $69.27. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $80.42. The company has a market cap of $10.24 billion, a PE ratio of 19.90, a P/E/G ratio of 3.39 and a beta of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in BJ’s Wholesale Club by 39.7% during the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after buying an additional 4,548,963 shares in the last quarter. BlackRock Inc. boosted its position in shares of BJ’s Wholesale Club by 1.2% during the 1st quarter. BlackRock Inc. now owns 12,142,318 shares of the company’s stock valued at $923,666,000 after purchasing an additional 139,425 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of BJ’s Wholesale Club by 13.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after purchasing an additional 590,113 shares in the last quarter. State Street Corp raised its holdings in shares of BJ’s Wholesale Club by 3.4% in the 1st quarter. State Street Corp now owns 4,445,807 shares of the company’s stock worth $300,581,000 after purchasing an additional 147,014 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of BJ’s Wholesale Club by 10.3% in the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock worth $281,229,000 after purchasing an additional 369,317 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BJ. JPMorgan Chase & Co. raised their target price on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Evercore ISI dropped their price objective on BJ’s Wholesale Club from $84.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday, April 2nd. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 target price (down from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. 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 note on Wednesday, February 7th. Finally, The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $87.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average price target of $74.53.

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.