Insider Selling: BJ’s Wholesale Club (NYSE:BJ) CEO Sells $832,000.00 in Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert Eddy sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $104.00, for a total value of $832,000.00. Following the completion of the sale, the chief executive officer owned 258,330 shares in the company, valued at approximately $26,866,320. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BJ’s Wholesale Club Stock Performance

BJ traded down $0.30 during trading on Thursday, reaching $103.09. 2,819,693 shares of the company’s stock were exchanged, compared to its average volume of 2,031,376. The stock has a market capitalization of $13.02 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.04 and a beta of 0.17. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $83.21 and a 1 year high of $106.04. The company’s fifty day simple moving average is $94.10 and its 200-day simple moving average is $92.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, August 21st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.19. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 27.40%. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.600-4.800 EPS. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.70 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson set a $108.00 price objective on shares of BJ’s Wholesale Club in a report on Thursday, October 8th. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Wednesday, July 29th. William Blair cut BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group upped their price target on BJ’s Wholesale Club from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Wall Street Zen upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.06.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BJ. Essential Partners LLC boosted its holdings in BJ’s Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in BJ’s Wholesale Club in the second quarter valued at approximately $37,000. Finally, Versant Capital Management Inc lifted its holdings in BJ’s Wholesale Club by 63.1% in the third quarter. Versant Capital Management Inc now owns 796 shares of the company’s stock valued at $73,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc operates a membership-based warehouse club business in the United States. Through its BJ’s Wholesale Club locations, the company offers members a broad selection of products at discounted prices, including groceries, fresh foods, household essentials, electronics, appliances, furniture, apparel, health and beauty products, and seasonal merchandise.

The company also operates gasoline stations at many of its clubs and provides services such as optical, tire, and home-improvement offerings in select locations.