Insider Selling: BJs Wholesale Club Holdings Inc (NYSE:BJ) CEO Sells 21,377 Shares of Stock

BJs Wholesale Club Holdings Inc (NYSE:BJ) CEO Christopher J. Baldwin sold 21,377 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $26.17, for a total value of $559,436.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NYSE BJ opened at $25.27 on Monday. BJs Wholesale Club Holdings Inc has a fifty-two week low of $19.31 and a fifty-two week high of $32.92. The firm has a market cap of $3.51 billion and a price-to-earnings ratio of 22.17.

BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts forecast that BJs Wholesale Club Holdings Inc will post 1.48 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in BJ. FMR LLC lifted its stake in shares of BJs Wholesale Club by 47.6% in the 4th quarter. FMR LLC now owns 20,525,405 shares of the company’s stock valued at $454,842,000 after purchasing an additional 6,619,701 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of BJs Wholesale Club by 74.9% in the 1st quarter. Clearbridge Investments LLC now owns 4,107,167 shares of the company’s stock valued at $112,536,000 after purchasing an additional 1,759,303 shares during the last quarter. BlackRock Inc. lifted its stake in shares of BJs Wholesale Club by 50.0% in the 4th quarter. BlackRock Inc. now owns 4,952,770 shares of the company’s stock valued at $109,752,000 after purchasing an additional 1,650,828 shares during the last quarter. Norges Bank acquired a new position in shares of BJs Wholesale Club in the 4th quarter valued at $32,581,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of BJs Wholesale Club in the 1st quarter valued at $36,290,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

BJ has been the topic of a number of recent research reports. Wells Fargo & Co boosted their price objective on BJs Wholesale Club from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Nomura lowered their price objective on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Gordon Haskett raised BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, May 24th. Finally, Citigroup boosted their price objective on BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.43.

BJs Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Insider Buying and Selling by Quarter for BJs Wholesale Club (NYSE:BJ)

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