BJs Wholesale Club Holdings Inc (NYSE:BJ) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 10,454,800 shares, an increase of 14.8% from the May 15th total of 9,109,900 shares. Currently, 10.7% of the company’s stock are short sold. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is presently 7.2 days.
In other BJs Wholesale Club news, EVP Lee Delaney sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $25.73, for a total transaction of $257,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Caroline Glynn sold 68,880 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $27.00, for a total value of $1,859,760.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,219,471 shares of company stock worth $227,240,697. Corporate insiders own 17.70% of the company’s stock.
Several large investors have recently bought and sold shares of BJ. Rhumbline Advisers lifted its holdings in shares of BJs Wholesale Club by 135.1% during the fourth quarter. Rhumbline Advisers now owns 100,607 shares of the company’s stock valued at $2,229,000 after purchasing an additional 57,811 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of BJs Wholesale Club during the fourth quarter valued at $440,000. Mackenzie Financial Corp purchased a new stake in shares of BJs Wholesale Club during the fourth quarter valued at $2,256,000. Prudential Financial Inc. purchased a new stake in shares of BJs Wholesale Club during the fourth quarter valued at $231,000. Finally, LPL Financial LLC purchased a new stake in shares of BJs Wholesale Club during the fourth quarter valued at $256,000. 89.01% of the stock is currently owned by institutional investors.
BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.12 billion. The company’s revenue was up 2.5% on a year-over-year basis. Research analysts forecast that BJs Wholesale Club will post 1.48 EPS for the current year.
A number of equities research analysts recently issued reports on the company. Evercore ISI assumed coverage on Polarityte in a research report on Wednesday, March 20th. They set an “outperform” rating and a $26.00 price target on the stock. Morgan Stanley set a $28.00 price target on BJs Wholesale Club and gave the stock a “hold” rating in a research report on Friday, May 24th. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Gordon Haskett raised Darden Restaurants from an “underperform” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Wells Fargo & Co assumed coverage on Propetro in a research note on Friday, March 29th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. BJs Wholesale Club has an average rating of “Buy” and a consensus price target of $30.79.
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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