BJs Wholesale Club Holdings Inc (NYSE:BJ) Short Interest Update

BJs Wholesale Club Holdings Inc (NYSE:BJ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 11,830,700 shares, a decrease of 15.8% from the July 31st total of 14,048,900 shares. Based on an average daily trading volume, of 2,310,000 shares, the short-interest ratio is currently 5.1 days. Approximately 9.7% of the shares of the company are sold short.

A number of equities research analysts recently weighed in on BJ shares. Jefferies Financial Group set a $34.00 price target on BJs Wholesale Club and gave the stock a “buy” rating in a report on Friday, August 23rd. Zacks Investment Research cut BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Deutsche Bank upped their price target on BJs Wholesale Club from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. UBS Group upped their price target on BJs Wholesale Club from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Morgan Stanley upped their price target on BJs Wholesale Club from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.82.

In related news, EVP Lee Delaney sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $23.99, for a total value of $239,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William C. Werner sold 6,515 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $26.24, for a total value of $170,953.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,363 shares of company stock valued at $10,344,705. Company insiders own 17.70% of the company’s stock.

A number of large investors have recently made changes to their positions in BJ. Geode Capital Management LLC grew its holdings in BJs Wholesale Club by 85.3% during the 4th quarter. Geode Capital Management LLC now owns 727,494 shares of the company’s stock valued at $16,121,000 after buying an additional 334,974 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BJs Wholesale Club by 25.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,574 shares of the company’s stock valued at $125,000 after buying an additional 917 shares during the last quarter. SG Americas Securities LLC acquired a new stake in BJs Wholesale Club during the 1st quarter valued at $300,000. Janus Henderson Group PLC acquired a new stake in BJs Wholesale Club during the 1st quarter valued at $2,222,000. Finally, Rhumbline Advisers grew its holdings in BJs Wholesale Club by 68.0% during the 1st quarter. Rhumbline Advisers now owns 169,067 shares of the company’s stock valued at $4,632,000 after buying an additional 68,460 shares during the last quarter.

NYSE:BJ traded down $0.10 during trading hours on Friday, reaching $27.40. 13,568 shares of the company traded hands, compared to its average volume of 2,158,523. The firm’s 50-day moving average is $24.44 and its 200-day moving average is $25.75. The stock has a market cap of $3.78 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.65 and a beta of 1.44. BJs Wholesale Club has a 1-year low of $19.31 and a 1-year high of $30.47.

BJs Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.39 billion. BJs Wholesale Club had a negative return on equity of 107.71% and a net margin of 1.59%. BJs Wholesale Club’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, sell-side analysts predict that BJs Wholesale Club will post 1.48 EPS for the current year.

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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