BJs Wholesale Club Holdings Inc (NYSE:BJ) EVP Jeff Desroches sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $24.45, for a total value of $611,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE:BJ traded down $0.63 on Friday, hitting $26.23. The stock had a trading volume of 672,455 shares, compared to its average volume of 1,131,217. BJs Wholesale Club Holdings Inc has a 1-year low of $19.31 and a 1-year high of $32.92.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Tuesday, November 20th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.16 billion. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Equities analysts expect that BJs Wholesale Club Holdings Inc will post 0.95 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in BJs Wholesale Club by 12.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,989,168 shares of the company’s stock valued at $44,080,000 after acquiring an additional 217,610 shares in the last quarter. BlackRock Inc. grew its holdings in shares of BJs Wholesale Club by 50.0% during the fourth quarter. BlackRock Inc. now owns 4,952,770 shares of the company’s stock worth $109,752,000 after buying an additional 1,650,828 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of BJs Wholesale Club by 66.4% in the fourth quarter. New York State Common Retirement Fund now owns 275,100 shares of the company’s stock worth $6,096,000 after acquiring an additional 109,755 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of BJs Wholesale Club by 596.2% in the fourth quarter. California Public Employees Retirement System now owns 80,652 shares of the company’s stock worth $1,787,000 after acquiring an additional 69,067 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of BJs Wholesale Club by 201.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after acquiring an additional 778 shares during the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.
BJ has been the subject of several analyst reports. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, October 16th. Oppenheimer started coverage on BJs Wholesale Club in a research report on Wednesday, October 17th. They set a “market perform” rating on the stock. CIBC initiated coverage on BJs Wholesale Club in a report on Thursday, October 18th. They set a “market perform” rating on the stock. Wells Fargo & Co reaffirmed a “hold” rating on shares of BJs Wholesale Club in a research report on Wednesday, November 21st. Finally, Morgan Stanley reduced their price objective on BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.08.
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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