Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BJ’s Wholesale Club Holdings Inc. shares valued at $544,149 were sold by Desroches Jeff on Mar 09. At $77.09 per share, Desroches Jeff sold 7,059 shares. The insider’s holdings dropped to 84,822 shares worth approximately $6.43 million following the completion of this transaction.
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Also, Desroches Jeff sold 1,716 shares, netting a total of over 128,408 in proceeds. Following the sale of shares at $74.83 each, the insider now holds 91,881 shares.
Before that, Eddy Robert W. had sold 2,862 shares from its account. In a trade valued at $205,130, the President & CEO traded BJ’s Wholesale Club Holdings Inc. shares for $71.67 each. Upon closing the transaction, the insider’s holdings decreased to 2,862 shares, worth approximately $13.34 million.
As published in their initiating research note from Barclays on February 08, 2023, BJ’s Wholesale Club Holdings Inc. [BJ] has been an Equal weight and the price target has been revised to $72. This represents a -5.35% premium over Thursday’s closing price. Analysts at Evercore ISI started covering the stock with ‘”an In-line”‘ outlook in a report released in late December. As of December 20, 2022, Credit Suisse has decreased its “an Outperform” rating to a “Neutral” for BJ.
Analyzing BJ Stock Performance
On Thursday, BJ’s Wholesale Club Holdings Inc. [NYSE: BJ] rose 0.09% to $75.85. The stock’s lowest price that day was $74.60, but it reached a high of $75.88 in the same session. During the last five days, there has been a drop of approximately -0.28%. Over the course of the year, BJ’s Wholesale Club Holdings Inc. shares have jumped approximately 14.65%. Shares of the company reached a 52-week high of $78.88 on 03/09/23 and a 52-week low of $65.75 on 01/03/23. A 50-day SMA is recorded $72.14, while a 200-day SMA reached $70.81. Nevertheless, trading volume fell to 1.73 million shares from 1.34 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 75.01, which, if violated, would cause prices to drop to 74.16. In the upper region, resistance lies at 76.29. The next price resistance is at 76.72. RSI (Relative Strength Index) is 59.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.43, which suggests the price will increase in the coming days. Percent R is at 36.29%, 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 rise in short interest on Jan 30, 2023 jumping by 0.18 million shares to 3.22 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 3.04 million shares. A jump of 5.59% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.16.
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 13,616,183 shares, which is about 10.13% of the total BJ shares outstanding. The investor’s shares have appreciated by 184,722 from its previous 13-F filing of 13431461.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $787,075,046. Fidelity Management & Research Co reduced a -33.87% interest valued at $332.31 million while Putnam Investment Management LLC sold a -627,806 stake. A total of -57,405 shares of BJ’s Wholesale Club Holdings Inc. were sold by ClearBridge Investments LLC during the quarter, and 63,440 were bought by SSgA Funds Management, Inc. In its current portfolio, JPMorgan Investment Management, I holds 2,489,209 shares valued at $178.73 million.
In terms of BJ’s Wholesale Club Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $84.11 in the next 12 months, up nearly 12.17% from the previous closing price of $75.78. Analysts anticipate BJ’s Wholesale Club Holdings Inc. stock to reach $97.00 by 2023, with the lowest price target being $67.00. In spite of this, 23 analysts ranked BJ’s Wholesale Club Holdings Inc. stock as an Overweight at the end of 2023. On August 19, 2022, Credit Suisse assigned a price target of “an Outperform” to the stock and reiterated coverage with a $80.