BJ’s Wholesale Club Holdings Inc. [BJ] EVP, Chief Operations Officer makes an insider purchase of 15,000 shares worth 1.0 million.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BJ’s Wholesale Club Holdings Inc. shares valued at $998,626 were sold by Desroches Jeff on Jul 08. At $66.58 per share, Desroches Jeff sold 15,000 shares. The insider’s holdings dropped to 93,597 shares worth approximately $6.49 million following the completion of this transaction.

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Also, Werner William C. sold 20,000 shares, netting a total of over 1,290,733 in proceeds. Following the sale of shares at $64.54 each, the insider now holds 37,361 shares.

Before that, Kessler Scott had sold 2,125 shares from its account. In a trade valued at $128,074, the EVP, Chief Information Officer traded BJ’s Wholesale Club Holdings Inc. shares for $60.27 each. Upon closing the transaction, the insider’s holdings decreased to 2,125 shares, worth approximately $8.63 million.

As published in a research note from Deutsche Bank on February 04, 2022, BJ’s Wholesale Club Holdings Inc. [BJ] has been rated up from a Hold to a Buy and the price target has been revised to $74 from $69. This represents a 6.27% premium over Thursday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in mid January. As of November 11, 2021, Gordon Haskett has increased its “Hold” rating to a “Buy” for BJ. Earlier on October 28, 2021, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for BJ stock which previously was a “a Buy”.

Analyzing BJ’s Price Performance

On Thursday, BJ’s Wholesale Club Holdings Inc. [NYSE: BJ] plunged -0.17% to $69.36. The stock’s lowest price that day was $68.91, but it reached a high of $69.73 in the same session. During the last five days, there has been a surge of approximately 2.47%. Over the course of the year, BJ’s Wholesale Club Holdings Inc. shares have jumped approximately 3.57%. Shares of the company reached a 52-week high of $71.24 on 07/22/22 and a 52-week low of $51.45 on 05/20/22. A 50-day SMA is recorded $63.99, while a 200-day SMA reached $63.76. Nevertheless, trading volume fell to 1.13 million shares from 1.18 million shares the previous day.

Support And Resistance Levels for BJ’s Wholesale Club Holdings Inc. (BJ)

According to the 24-hour chart, there is a support level at 68.94, which, if violated, would cause prices to drop to 68.51. In the upper region, resistance lies at 69.76. The next price resistance is at 70.15. RSI (Relative Strength Index) is 60.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 32.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is BJ’s Wholesale Club Holdings Inc. subject to short interest?

Stocks of BJ’s Wholesale Club Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -3.54 million shares to 4.75 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.29 million shares. A decline of -74.53% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.83 of the overall float, the days-to-cover ratio (short ratio) decline to 1.83.

Which companies own the most shares of BJ’s Wholesale Club Holdings Inc. (BJ)?

According to Fidelity Management & Research Co filings, the company currently owns 14,579,273 shares, which is about 10.79% of the total BJ shares outstanding. The investor’s shares have plunged by -2,507,650 from its previous 13-F filing of 17086923.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $855,924,318. The Vanguard Group, Inc. reduced a -3.60% interest valued at $848.69 million while ClearBridge Investments LLC sold a -6,923 stake. A total of 145,945 shares of BJ’s Wholesale Club Holdings Inc. were sold by Putnam Investment Management LLC during the quarter, and 147,014 were bought by SSgA Funds Management, Inc. In its current portfolio, River Road Asset Management LLC holds 3,766,074 shares valued at $234.7 million.

In terms of BJ’s Wholesale Club Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $72.25 in the next 12 months, up nearly 3.63% from the previous closing price of $69.48. Analysts anticipate BJ’s Wholesale Club Holdings Inc. stock to reach $86.00 by 2022, with the lowest price target being $57.00. In spite of this, 18 analysts ranked BJ’s Wholesale Club Holdings Inc. stock as an Overweight at the end of 2022.


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