BJs Wholesale Club Holdings Inc (NYSE:BJ) SVP Kristyn M. Sugrue sold 17,362 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $37.30, for a total value of $647,602.60. Following the completion of the sale, the senior vice president now owns 49,348 shares of the company’s stock, valued at approximately $1,840,680.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.
BJ stock opened at $37.87 on Wednesday. The stock has a market cap of $5.25 billion, a PE ratio of 20.04, a P/E/G ratio of 1.26 and a beta of 0.35. BJs Wholesale Club Holdings Inc has a 12 month low of $18.84 and a 12 month high of $38.35. The company has a 50-day moving average price of $34.14 and a 200 day moving average price of $26.17. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 103.12.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.32. BJs Wholesale Club had a negative return on equity of 360.57% and a net margin of 1.78%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $0.26 EPS. BJs Wholesale Club’s quarterly revenue was up 21.1% on a year-over-year basis. Sell-side analysts forecast that BJs Wholesale Club Holdings Inc will post 2.21 EPS for the current year.
A number of research firms have recently weighed in on BJ. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, April 22nd. Oppenheimer initiated coverage on shares of BJs Wholesale Club in a report on Monday, May 18th. They set a “hold” rating for the company. Nomura Instinet boosted their target price on shares of BJs Wholesale Club from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Co raised their target price on shares of BJs Wholesale Club from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upgraded shares of BJs Wholesale Club from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $29.00 in a research note on Friday, March 6th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $35.84.
A number of hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. purchased a new position in BJs Wholesale Club during the 4th quarter worth $1,965,000. Legal & General Group Plc increased its stake in shares of BJs Wholesale Club by 13.8% during the first quarter. Legal & General Group Plc now owns 209,532 shares of the company’s stock valued at $5,337,000 after buying an additional 25,434 shares during the period. Norges Bank bought a new stake in shares of BJs Wholesale Club in the fourth quarter valued at about $32,638,000. Rhumbline Advisers lifted its stake in BJs Wholesale Club by 2.0% in the first quarter. Rhumbline Advisers now owns 375,668 shares of the company’s stock worth $9,568,000 after acquiring an additional 7,337 shares during the period. Finally, River Road Asset Management LLC grew its holdings in BJs Wholesale Club by 93.7% during the 4th quarter. River Road Asset Management LLC now owns 2,542,691 shares of the company’s stock worth $57,821,000 after acquiring an additional 1,229,962 shares in the last quarter.
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.
See Also: Dead Cat Bounce
Receive News & Ratings for BJs Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJs Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.