Robert Eddy Sells 8,000 Shares of BJ’s Wholesale Club (NYSE:BJ) Stock
by Scott Moore · The Cerbat GemBJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Free Report) CEO Robert Eddy sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.02, for a total transaction of $728,160.00. Following the transaction, the chief executive officer owned 306,330 shares of the company’s stock, valued at $27,882,156.60. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BJ’s Wholesale Club Price Performance
NYSE:BJ traded down $0.27 during mid-day trading on Friday, hitting $91.97. 1,888,325 shares of the company’s stock traded hands, compared to its average volume of 1,977,001. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.75. The firm’s 50 day simple moving average is $97.37 and its 200 day simple moving average is $94.08. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $86.68 and a 1 year high of $120.33. The company has a market cap of $11.93 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.14 and a beta of 0.33.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. BJ’s Wholesale Club had a net margin of 2.70% and a return on equity of 27.55%. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.
Institutional Investors Weigh In On BJ’s Wholesale Club
Hedge funds have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth approximately $25,000. Parkside Financial Bank & Trust boosted its position in shares of BJ’s Wholesale Club by 147.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Davis Capital Management acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth approximately $28,000. Finally, Eastern Bank acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth approximately $29,000. 98.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on BJ. Morgan Stanley decreased their price target on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Evercore reaffirmed a “positive” rating on shares of BJ’s Wholesale Club in a research note on Thursday, March 5th. Jefferies Financial Group cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and decreased their price target for the stock from $120.00 to $90.00 in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of BJ’s Wholesale Club in a research note on Thursday, January 8th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of BJ’s Wholesale Club from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.63.
View Our Latest Stock Analysis on BJ
About BJ’s Wholesale Club
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.