BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) Executive Vice President Scott Kessler sold 2,125 shares of the company in a trade that took place on Tuesday, June 21. The shares were sold at an average price of $60.27, for a total value of $128,073.75. Following the completion of the transaction, the executive vice president now directly owns 124,481 shares of the company, valued at $7,502,469.87. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
Scott Kessler also recently made the following trade(s):
- On Wednesday, June 15, Scott Kessler sold 9,514 shares of BJ’s Wholesale Club. The shares were sold at an average price of $59.31, for a total value of $564,275.34.
BJ traded $1.52 during Thursday trading, hitting $61.54. 2,273,642 shares were traded, against an average volume of 1,761,089. The company’s 50-day moving average price is $61.71 and its two-hundred-day moving average price is $63.23. The company has a debt ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.14. The company has a market capitalization of $8.32 billion, a price/earnings ratio of 18.29, a P/E/G ratio of 1.95 and a beta of 0.52. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $45.60 and a 1-year high of $74.09.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last reported results on Thursday, May 19. The company reported EPS of $0.87 for the quarter, beating analyst consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company posted revenue of $4.50 billion for the quarter, versus a consensus estimate of $4.24 billion. In the same period a year earlier, the company had earned earnings per share of $0.72. BJ’s Wholesale Club’s quarterly revenue increased by 16.2% compared to the same quarter last year. On average, analysts expect BJ’s Wholesale Club Holdings, Inc. to post EPS of 3.32 for the current year.
A number of institutional investors have recently increased or reduced their stake in BJ. Great Lakes Advisors LLC acquired a new position in BJ’s Wholesale Club in Q4 valued at approximately $225,000. Comerica Bank increased its stake in BJ’s Wholesale Club by 33.5% in the third quarter. Comerica Bank now owns 109,086 shares of the company valued at $6,690,000 after purchasing an additional 27,347 shares in the last quarter. The Illinois Municipal Retirement Fund increased its stake in BJ’s Wholesale Club by 26.5% in the fourth quarter. The Illinois Municipal Retirement Fund now owns 34,751 shares of the company valued at $2,327,000 after purchasing an additional 7,290 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BJ’s Wholesale Club by 0.3% in Q4. Dimensional Fund Advisors LP now owns 1,706,628 shares of the company valued at $114,290,000 after purchasing an additional 5,546 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. increased its stake in BJ’s Wholesale Club by 1.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,854 shares of the company valued at $2,535,000 after purchasing an additional 625 shares in the last quarter. 99.98% of the shares are held by institutional investors.
Several brokerages have recently released reports on BJ. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $70.00 to $74.00 in a Friday, May 20 research report. Credit Suisse Group reduced its price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a Friday, March 4 research note. Citigroup raised its price target on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a Friday, May 20 research report. Jefferies Financial Group raised its price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a Thursday, June 2 research note. Finally, Robert W. Baird reworded an “outperform” rating and published a target price of $70.00 on BJ’s Wholesale Club stock in a research note on Monday, May 23. One research analyst has assigned the stock a sell rating, six have issued a hold rating and ten have assigned the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.64.
About BJ’s Wholesale Club (Get a rating)
BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.
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