Insider Selling: BJs Wholesale Club Holdings Inc (BJ) CEO Sells 48,622 Shares of Stock

BJs Wholesale Club Holdings Inc (NYSE:BJ) CEO Christopher J. Baldwin sold 48,622 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $28.28, for a total transaction of $1,375,030.16. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NYSE:BJ traded down $0.20 during midday trading on Friday, reaching $24.98. The stock had a trading volume of 1,018,800 shares, compared to its average volume of 1,489,608. BJs Wholesale Club Holdings Inc has a 12-month low of $19.31 and a 12-month high of $32.92. The firm has a market cap of $3.53 billion and a price-to-earnings ratio of 21.91.

BJs Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 64.63%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. BJs Wholesale Club’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that BJs Wholesale Club Holdings Inc will post 1.47 earnings per share for the current year.

A number of large investors have recently bought and sold shares of BJ. Tealwood Asset Management Inc. purchased a new stake in shares of BJs Wholesale Club in the 1st quarter worth about $2,995,000. LGT Capital Partners LTD. purchased a new stake in shares of BJs Wholesale Club in the 4th quarter worth about $831,000. Credit Suisse AG purchased a new stake in shares of BJs Wholesale Club in the 3rd quarter worth about $659,000. Rhumbline Advisers boosted its position in shares of BJs Wholesale Club by 68.0% in the 1st quarter. Rhumbline Advisers now owns 169,067 shares of the company’s stock worth $4,632,000 after buying an additional 68,460 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of BJs Wholesale Club by 668.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,148,025 shares of the company’s stock worth $164,644,000 after buying an additional 5,348,025 shares in the last quarter. Hedge funds and other institutional investors own 89.00% of the company’s stock.

BJ has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Friday, May 24th. Citigroup lifted their target price on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 1st. Gordon Haskett raised shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Nomura cut their target price on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, Barclays began coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They issued an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.43.

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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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