Robert Eddy Sells 73,016 Shares of BJ’s Wholesale Club (NYSE:BJ) Stock

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) CEO Robert Eddy sold 73,016 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the completion of the sale, the chief executive officer directly owned 282,330 shares in the company, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded down $0.61 during mid-day trading on Friday, hitting $97.84. 1,106,981 shares of the stock traded hands, compared to its average volume of 2,016,044. The business’s 50-day moving average price is $89.37 and its 200 day moving average price is $93.68. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The company has a market cap of $12.49 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 3.73 and a beta of 0.22. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $83.21 and a 12-month high of $110.92.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 4.51 EPS for the current fiscal year.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds have recently added to or reduced their stakes in BJ. First Citizens Bank & Trust Co. increased its position in shares of BJ’s Wholesale Club by 0.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 14,069 shares of the company’s stock worth $1,267,000 after purchasing an additional 105 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of BJ’s Wholesale Club by 0.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,827 shares of the company’s stock worth $1,155,000 after purchasing an additional 108 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of BJ’s Wholesale Club by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 18,491 shares of the company’s stock worth $1,665,000 after purchasing an additional 113 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in BJ’s Wholesale Club by 2.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,170 shares of the company’s stock worth $465,000 after buying an additional 129 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in BJ’s Wholesale Club by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,015 shares of the company’s stock worth $902,000 after buying an additional 130 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $109.00 target price on shares of BJ’s Wholesale Club in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, July 8th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Wednesday. Citigroup decreased their price objective on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Finally, Bank of America began coverage on shares of BJ’s Wholesale Club in a research note on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average target price of $105.93.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.