A company insider recently sold 13,359 shares of BJ’s Wholesale Club Holdings Inc. [BJ]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BJ’s Wholesale Club Holdings Inc. shares valued at $1,020,157 were sold by Kessler Scott on Sep 15. At $76.36 per share, Kessler Scott sold 13,359 shares. The insider’s holdings dropped to 116,791 shares worth approximately $8.76 million following the completion of this transaction.

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Also, Eddy Robert W. sold 12,738 shares, netting a total of over 977,752 in proceeds. Following the sale of shares at $76.76 each, the insider now holds 207,754 shares.

Before that, Eddy Robert W. had sold 1,104 shares from its account. In a trade valued at $82,844, the President & CEO traded BJ’s Wholesale Club Holdings Inc. shares for $75.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,104 shares, worth approximately $16.54 million.

As published in a research note from Credit Suisse on August 19, 2022, BJ’s Wholesale Club Holdings Inc. [BJ] has been retained to an Outperform and the price target has been revised to $80. This represents a 6.25% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of February 04, 2022, Deutsche Bank has increased its “Hold” rating to a “Buy” for BJ. Earlier on January 14, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for BJ stock which previously was a “an Overweight”.

Analyzing BJ’s Price Performance

On Thursday, BJ’s Wholesale Club Holdings Inc. [NYSE: BJ] plunged -0.83% to $75.00. The stock’s lowest price that day was $74.07, but it reached a high of $75.58 in the same session. During the last five days, there has been a drop of approximately -1.90%. Over the course of the year, BJ’s Wholesale Club Holdings Inc. shares have jumped approximately 11.99%. Shares of the company reached a 52-week high of $79.69 on 09/12/22 and a 52-week low of $51.45 on 05/20/22. A 50-day SMA is recorded $72.14, while a 200-day SMA reached $65.58. Nevertheless, trading volume fell to 1.55 million shares from 1.8 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 74.19, which, if violated, would cause prices to drop to 73.37. In the upper region, resistance lies at 75.70. The next price resistance is at 76.39. RSI (Relative Strength Index) is 51.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 65.96%, 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 The Vanguard Group, Inc. filings, the company currently owns 13,305,966 shares, which is about 9.85% of the total BJ shares outstanding. The investor’s shares have plunged by -312,330 from its previous 13-F filing of 13618296.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $790,572,128. Fidelity Management & Research Co reduced a -31.56% interest valued at $743.22 million while Putnam Investment Management LLC purchased a 143,083 stake. A total of 4,934 shares of BJ’s Wholesale Club Holdings Inc. were bought by ClearBridge Investments LLC during the quarter, and 774,423 were bought by River Road Asset Management LLC. In its current portfolio, SSgA Funds Management, Inc. holds 3,668,868 shares valued at $273.29 million.

In terms of BJ’s Wholesale Club Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $81.71 in the next 12 months, up nearly 11.07% from the previous closing price of $75.63. Analysts anticipate BJ’s Wholesale Club Holdings Inc. stock to reach $93.00 by 2022, with the lowest price target being $63.00.


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