BJs Wholesale Club Holdings Inc (NYSE:BJ) Sees Significant Growth in Short Interest

BJs Wholesale Club Holdings Inc (NYSE:BJ) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 10,454,800 shares, a growth of 14.8% from the May 15th total of 9,109,900 shares. Currently, 10.7% of the company’s stock are short sold. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 7.2 days.

Shares of BJ opened at $24.15 on Friday. BJs Wholesale Club has a one year low of $19.31 and a one year high of $32.92. The firm has a market cap of $3.36 billion and a P/E ratio of 20.12. The company has a 50-day moving average price of $25.32.

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

A number of equities research analysts recently issued reports on the company. Wells Fargo & Co assumed coverage on Propetro in a research report on Friday, March 29th. They set an “outperform” rating on the stock. Morgan Stanley set a $28.00 price target on BJs Wholesale Club and gave the stock a “hold” rating in a research report on Friday, May 24th. Citigroup cut their target price on GrafTech International from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Gordon Haskett upgraded Darden Restaurants from an “underperform” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Evercore ISI assumed coverage on Polarityte in a research note on Wednesday, March 20th. They set an “outperform” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. BJs Wholesale Club has an average rating of “Buy” and a consensus price target of $30.79.

In other news, SVP Kristyn M. Sugrue sold 17,698 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $29.00, for a total value of $513,242.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lee Delaney sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $25.73, for a total value of $257,300.00. The disclosure for this sale can be found here. Insiders have sold 9,219,471 shares of company stock worth $227,240,697 in the last quarter. 17.70% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in shares of BJs Wholesale Club by 135.1% in the 4th quarter. Rhumbline Advisers now owns 100,607 shares of the company’s stock worth $2,229,000 after acquiring an additional 57,811 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $440,000. Mackenzie Financial Corp bought a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $2,256,000. Prudential Financial Inc. bought a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $231,000. Finally, LPL Financial LLC bought a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $256,000. 89.01% of the stock is currently owned by institutional investors.

About BJs Wholesale Club

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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