Jonathan A. Seiffer Sells 75,000 Shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) Stock

BJs Wholesale Club Holdings Inc (NYSE:BJ) Director Jonathan A. Seiffer sold 75,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $23.72, for a total transaction of $1,779,000.00.

BJs Wholesale Club stock opened at $25.10 on Friday. BJs Wholesale Club Holdings Inc has a 12-month low of $19.31 and a 12-month high of $29.41. The stock has a market capitalization of $3.43 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.45 and a beta of 1.43. The firm’s 50-day moving average is $25.97 and its two-hundred day moving average is $25.74.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. BJs Wholesale Club had a net margin of 1.59% and a negative return on equity of 107.71%. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that BJs Wholesale Club Holdings Inc will post 1.48 earnings per share for the current fiscal year.

BJ has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of BJs Wholesale Club from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Deutsche Bank increased their price objective on shares of BJs Wholesale Club from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Goldman Sachs Group assumed coverage on shares of BJs Wholesale Club in a research note on Thursday, July 11th. They issued a “buy” rating and a $29.00 price objective on the stock. Jefferies Financial Group set a $34.00 price target on shares of BJs Wholesale Club and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, UBS Group raised their price target on shares of BJs Wholesale Club from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. BJs Wholesale Club presently has a consensus rating of “Buy” and a consensus price target of $30.10.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of BJs Wholesale Club by 85.3% during the 4th quarter. Geode Capital Management LLC now owns 727,494 shares of the company’s stock worth $16,121,000 after acquiring an additional 334,974 shares during the period. California State Teachers Retirement System lifted its holdings in shares of BJs Wholesale Club by 71.5% during the 1st quarter. California State Teachers Retirement System now owns 195,386 shares of the company’s stock worth $5,354,000 after acquiring an additional 81,466 shares during the period. Fiera Capital Corp purchased a new position in shares of BJs Wholesale Club during the 1st quarter worth about $7,796,000. GAM Holding AG purchased a new position in shares of BJs Wholesale Club during the 1st quarter worth about $354,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of BJs Wholesale Club by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,037,647 shares of the company’s stock worth $28,431,000 after acquiring an additional 32,749 shares during the period.

BJs Wholesale Club Company Profile

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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Insider Buying and Selling by Quarter for BJs Wholesale Club (NYSE:BJ)

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