BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) director Robert Allan Steele sold 11,812 shares of the company in a trade on Wednesday, December 15. The shares were sold for an average price of $ 67.13, for a total value of $ 792,939.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
BJ’s Wholesale Club stock traded up $ 0.18 at noon on Friday, reaching $ 65.45. The company’s shares had a trading volume of 1,823,334 shares, compared to its average volume of 1,544,871. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $ 36.71 and a 52-week high of $ 36.71. weeks $ 74.09. The company has a current ratio of 0.76, a quick ratio of 0.16, and a debt ratio of 1.32. The company has a 50-day moving average price of $ 62.76 and a 200-day moving average price of $ 55.61. The stock has a market cap of $ 8.90 billion, a PE ratio of 21.78, a price / earnings-growth ratio of 2.12, and a beta of 0.44.
The BJ’s Wholesale Club (NYSE: BJ) last released its results on Thursday, November 18. The company reported earnings per share (EPS) of $ 0.91 for the quarter, beating the Zacks consensus estimate of $ 0.81 per $ 0.10. BJ’s Wholesale Club had a return on equity of 97.54% and a net margin of 2.55%. The company posted revenue of $ 4.26 billion for the quarter, compared to $ 3.93 billion expected by analysts. In the same quarter of the previous year, the company posted earnings of $ 0.92 per share. The company’s revenue for the quarter increased 14.3% year-over-year. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.18 EPS for the current fiscal year.
Several equity research analysts have published reports on BJ shares. Robert W. Baird raised his price target on BJ’s Wholesale Club from $ 60.00 to $ 80.00 and gave the company an “outperformance” rating in a report released on Friday, November 19. Zacks investment research downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a target price of $ 64.00 for the company. in a report on Tuesday October 26. Credit Suisse Group raised its price target on BJ’s Wholesale Club from $ 52.00 to $ 60.00 and gave the stock an “outperformance” rating in a report released on Monday 23 August. DA Davidson raised its price target on BJ’s Wholesale Club from $ 53.00 to $ 60.00 and gave the stock a “buy” rating in a report released on Friday, August 20. Finally, Loop Capital raised its price target on BJ’s Wholesale Club from $ 65.00 to $ 80.00 and gave the stock a “buy” rating in a report released on Friday, November 19. Nine analysts rated the stock with a conservation rating and ten issued a buy rating for the stock. Based on MarketBeat data, BJ’s Wholesale Club currently has an average rating of “Buy” and an average price target of $ 65.62.
A number of institutional investors have recently increased or reduced their stakes in the company. Jefferies Group LLC increased its holdings of BJ’s Wholesale Club shares by 101.4% in the third quarter. Jefferies Group LLC now owns 3,635 shares of the company valued at $ 200,000 after purchasing an additional 260,302 shares in the last quarter. Moors & Cabot Inc. increased its holdings of BJ’s Wholesale Club shares by 3.9% during the third quarter. Moors & Cabot Inc. now owns 4,633 shares of the company valued at $ 256,000 after purchasing 175 additional shares in the last quarter. Tealwood Asset Management Inc. purchased a new equity interest in BJ’s Wholesale Club during the third quarter for a value of approximately $ 3,246,000. Balyasny Asset Management LLC purchased a new stake in the shares of BJ’s Wholesale Club during the third quarter valued at approximately $ 29,025,000. Finally, Comerica Bank increased its holdings in BJ’s Wholesale Club shares by 33.5% during 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 during the last quarter.
About BJ’s Wholesale Club
BJ’s Wholesale Club Holdings, Inc. engages in the operation of a membership warehouse club. Its product categories include groceries; household and pet; television and electronics; furniture; computer and tablets; terrace and outdoor living; lawn and garden; baby and children; toys; residence; health and beauty; Appliances; and jewelry.
Featured Article: When Can a Hold Note Present a Buying Opportunity?
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should You Invest $ 1,000 In BJ’s Wholesale Club Now?
Before you consider BJ’s Wholesale Club, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and BJ’s wholesale club was not on the list.
Although BJ’s Wholesale Club currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here