Robert Allan Steele Sells 11,813 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Stock

On Friday, March 14th, Robert Allan Steele, a director at BJ's Wholesale Club Holdings, Inc. (NYSE:BJ), sold 11,813 shares of the company's stock. The shares were sold at an average price of $107.59, bringing the total transaction value to approximately $1,270,960.67. After this sale, Steele's remaining ownership in the company stands at 24,351 shares, which are valued at approximately $2,619,924.09. This sale marks a 32.67% reduction in his stake in BJ's.

The details of this transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), which provides transparency regarding insider trading activities.

BJ's Wholesale Club Stock Performance

As of Tuesday's midday trading, shares of BJ's Wholesale Club experienced a slight decline, trading down by $0.23 to reach a price of $111.95. The trading volume for the day was recorded at 70,622 shares, which is significantly lower than the average volume of 1,551,598 shares. Currently, BJ's Wholesale Club holds a market capitalization of $14.79 billion and has a price-to-earnings ratio of 26.91. The company has demonstrated strong performance metrics, including a PEG ratio of 4.50 and a beta of 0.28.

Over the past year, BJ's stock has seen a low of $71.81 and a high of $118.40. The company's financial stability can be indicated by its debt-to-equity ratio of 0.23, quick ratio of 0.14, and a current ratio of 0.76. The stock also has a fifty-day simple moving average of $101.93 and a two-hundred-day simple moving average of $92.90.

Recent Earnings Report

On March 6th, BJ's Wholesale Club announced its quarterly earnings, reporting an earnings per share (EPS) of $0.93, which was above analysts' expectations of $0.86. The company's revenue for the quarter was $5.28 billion, marginally missing the consensus estimate of $5.29 billion. BJ's reported a net margin of 2.71% and a return on equity of 35.41%. Analysts expect BJ's Wholesale Club to reach an EPS of 3.96 for the current year, reflecting ongoing growth.

Analyst Opinions

Several brokerage firms have provided updates on BJ's stock. Robert W. Baird raised their price target from $115.00 to $125.00 and rated the stock as "outperform". Meanwhile, JPMorgan Chase & Co. increased their price target from $87.00 to $101.00, maintaining a "neutral" rating. Morgan Stanley also elevated their price target to $115.00 while keeping an "equal weight" rating. Roth MKM set a target price of $87.00 with a "neutral" rating. Overall, there are seven analysts who rate the stock as a hold, while eleven analysts recommend buying it, leading to a consensus rating of "Moderate Buy" and an average price target of $108.71.

Institutional Ownership Changes

Recent changes in the holdings of institutional investors show a growing interest in BJ's Wholesale Club. For instance, Norges Bank established a new position in the fourth quarter valued at approximately $135,344,000. Additionally, AllianceBernstein L.P. significantly increased its stake by 658.6%, now owning 1,523,218 shares worth $136,100,000. Other institutional investors like FMR LLC, Raymond James Financial, and Massachusetts Financial Services have also altered their holdings in favor of BJ's, with institutional ownership now at 98.60%.

Company Overview

BJ's Wholesale Club Holdings, Inc. operates membership warehouse clubs providing a wide range of products, including groceries, household goods, electronics, furniture, garden supplies, and more.

Conclusion

The recent insider selling by Robert Allan Steele and positive analyst reviews indicate that BJ's Wholesale Club remains a point of interest in the market. Investors are keenly watching the company's developments and insider activities, which play a crucial role in shaping investor sentiment and stock performance.

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