Insider Selling at BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) has recently made headlines as executive vice president William C. Werner sold a substantial 20,000 shares of the company's stock on March 19th. The sale was executed at an average price of $110.41 per share, resulting in a total transaction amount of $2,208,200. Following this sale, Werner retains ownership of 31,308 shares, which are currently valued at approximately $3,456,716. This transaction marks a 38.98% reduction in his ownership stake in the company. Details of this sale were officially reported in a filing with the Securities and Exchange Commission (SEC).

Recent trading results for BJ's Wholesale Club show that shares rose by $1.72, closing at $110.35 during Friday's trading session. The trading volume was significant, with 2,624,363 shares exchanged, surpassing the average volume of 1,556,726. Currently, the stock is supported by a 50-day moving average of $102.99 and a 200-day moving average of $93.35. The company's market capitalization stands at $14.58 billion, with a price-to-earnings ratio of 26.53 and a beta value of 0.28. BJ's Wholesale Club also maintains a quick ratio of 0.14 and a current ratio of 0.76, alongside a debt-to-equity ratio of 0.23. The stock has experienced a range over the past year, hitting a low of $71.81 and a high of $118.40.

Recent Earnings Performance

BJ's Wholesale Club released its quarterly earnings data on March 6th, reporting earnings per share (EPS) of $0.93, which exceeded analyst expectations of $0.86 by $0.07. The company reported total revenue of $5.28 billion for the quarter, slightly below the consensus estimate of $5.29 billion. BJ's Wholesale Club achieved a return on equity of 35.41% and maintained a net margin of 2.71%. Analysts anticipate that the company will post EPS of 3.96 for the current fiscal year.

Institutional Investments in BJ's Wholesale Club

Institutional investors have actively managed their stakes in BJ's Wholesale Club recently. Notably, 111 Capital acquired a new position valued at approximately $352,000 during the fourth quarter. Wealth Enhancement Advisory Services LLC significantly increased its holdings by 95.7%, now owning 11,130 shares worth $994,000 after acquiring an additional 5,442 shares. Centaurus Financial Inc. also entered the arena, acquiring a new stake valued at $148,000, while Menard Financial Group LLC increased its position by 5.7%. Kayne Anderson Rudnick Investment Management LLC raised its holdings by 1.0%, now owning over 4.33 million shares worth approximately $387 million. A significant majority, around 98.60%, of the company's stock is now owned by institutional investors and hedge funds.

Analyst Ratings and Targets

On the research side, various equities analysts have provided updates on BJ's stock. Recently, Goldman Sachs raised its price target for BJ's Wholesale Club from $102.00 to $121.00 and reaffirmed a "buy" rating. Morgan Stanley also increased its price objective from $98.00 to $115.00, maintaining an "equal weight" rating. Cowen has reiterated a "buy" rating on the stock, while Loop Capital has raised its target from $95.00 to $110.00, indicating a "hold" rating. JPMorgan Chase & Co. has also increased its price target from $87.00 to $101.00, giving it a "neutral" rating. Currently, seven analysts rate BJ's stock as a hold, while eleven rate it as a buy, leading to an overall average rating of "Moderate Buy" with a consensus price target of $108.71.

About BJ's Wholesale Club

BJ's Wholesale Club Holdings, Inc. operates membership warehouse clubs offering a variety of products that include grocery, household goods, electronics, furniture, and more.

Insider, Selling, Stocks