Jeff Desroches Sells 25,000 Shares of BJs Wholesale Club Holdings Inc (BJ) Stock

BJs Wholesale Club Holdings Inc (NYSE:BJ) EVP Jeff Desroches sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $24.45, for a total value of $611,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BJ opened at $24.60 on Friday. BJs Wholesale Club Holdings Inc has a twelve month low of $19.31 and a twelve month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Tuesday, November 20th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that BJs Wholesale Club Holdings Inc will post 0.95 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Citigroup assumed coverage on BJs Wholesale Club in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 price target for the company. Zacks Investment Research raised BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, October 23rd. Morgan Stanley lowered their price target on BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, November 23rd. Wells Fargo & Co reissued a “hold” rating on shares of BJs Wholesale Club in a research note on Wednesday, November 21st. Finally, Oppenheimer assumed coverage on BJs Wholesale Club in a research note on Wednesday, October 17th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.85.

Several hedge funds have recently modified their holdings of BJ. FMR LLC acquired a new position in shares of BJs Wholesale Club during the second quarter worth approximately $200,102,000. Vanguard Group Inc lifted its holdings in shares of BJs Wholesale Club by 668.5% during the third quarter. Vanguard Group Inc now owns 6,148,025 shares of the company’s stock worth $164,644,000 after buying an additional 5,348,025 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of BJs Wholesale Club by 668.5% during the third quarter. Vanguard Group Inc. now owns 6,148,025 shares of the company’s stock worth $164,644,000 after buying an additional 5,348,025 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of BJs Wholesale Club by 705.7% during the third quarter. BlackRock Inc. now owns 3,301,942 shares of the company’s stock worth $88,425,000 after buying an additional 2,892,106 shares during the last quarter. Finally, Sirios Capital Management L P lifted its holdings in shares of BJs Wholesale Club by 531.3% during the third quarter. Sirios Capital Management L P now owns 2,155,384 shares of the company’s stock worth $57,721,000 after buying an additional 1,813,945 shares during the last quarter. Institutional investors own 82.90% of the company’s stock.

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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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