BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) President and CEO Robert W. Eddy has recently sold a significant portion of his holdings in the company, according to the latest filings. The executive offloaded shares in a series of transactions that collectively netted over $920,000.
The sales, which took place on October 1, 2024, saw Eddy sell a total of 11,000 shares of BJ's Wholesale Club stock. The transactions occurred at varying prices, with a range between $82.51 and $84.44 per share. The sold shares represent a small fraction of Eddy's total holdings in the company, which, following the sale, amount to 434,792 shares.
This move by the CEO comes as part of his stock trading plan and was conducted through multiple transactions. The first batch of 3,164 shares was sold at an average price of $82.51, the second set of 1,329 shares at an average of $83.32, and the final group of 6,507 shares went for an average price of $84.44. The detailed price ranges for each transaction were disclosed in footnotes accompanying the filing, indicating that the shares were sold at prices from $81.92 to $84.65.
Investors and market watchers often monitor insider sales for insights into how executives view the company's prospects. While such sales are a regular part of many executives' financial planning, they can sometimes raise questions about an insider's confidence in the company's future performance.
The transactions were reported in a Form 4 document filed with the Securities and Exchange Commission. BJ's Wholesale Club, a prominent player in the retail variety stores sector, has its headquarters in Marlborough, Massachusetts. The company has been known under its current name since its previous incarnation as Beacon Holding Inc. changed in 2011.
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BJ
0. Trading at a high P/E ratio relative to near-term earnings growth
BJ
1. Short term obligations exceed liquid assets
BJ
2. Cash flows can sufficiently cover interest payments
BJ
3. Operates with a moderate level of debt
BJ
4. Trading at a high Price / Book multiple
BJ
5. Analysts predict the company will be profitable this year
BJ
6. Profitable over the last twelve months
BJ
7. High return over the last decade
BJ
8. Strong return over the last five years
BJ
9. Does not pay a dividend to shareholders
InvestingPro Data:
Market Cap (Adjusted) -: 11.32B USD
BJ
P/E Ratio -: 21.21
BJ
P/E Ratio (Adjusted) LTM2025.Q2 -: 20.81
BJ
PEG Ratio LTM2025.Q2 -: 3.2
BJ
Price / Book LTM2025.Q2 -: 6.86
BJ
Revenue LTM2025.Q2 -: 20405.92M USD
BJ
Revenue Growth LTM2025.Q2 -: 5.18 %
BJ
Revenue Growth (Quarterly) FY2025.Q2 -: 4.87 %
BJ
Gross Profit LTM2025.Q2 -: 3705.72M USD
BJ
Gross Profit Margin LTM2025.Q2 -: 18.16 %
BJ
Operating Income, Adjusted LTM2025.Q2 -: 793.72M USD
BJ
Operating Income Margin LTM2025.Q2 -: 3.89 %
BJ
EBIT LTM2025.Q2 -: 793.72M USD
BJ
EBITDA LTM2025.Q2 -: 1040.96M USD
BJ
EBITDA Growth LTM2025.Q2 -: 5.28 %
BJ
Basic EPS (Cont. Ops) LTM2025.Q2 -: 4.01 USD
BJ
Diluted EPS (Cont. Ops) LTM2025.Q2 -: 3.97 USD
BJ
Return on Assets LTM2025.Q2 -: 7.87 %
BJ
1 Week Price Total Return Y2024.D277 -: 2.3 %
BJ
1 Month Price Total Return Y2024.D277 -: 6.16 %
BJ
3 Month Price Total Return Y2024.D277 -: -2.5 %
BJ
6 Month Price Total Return Y2024.D277 -: 12.9 %
BJ
YTD Price Total Return Y2024.D277 -: 25.94 %
BJ
1 Year Price Total Return Y2024.D277 -: 21.49 %
BJ
Price % of 52 Week High -: 92.24 %
BJ
Price, Previous Close -: 83.95 USD
BJ
Average Daily Volume (3m) Y2024.D277 -: 1.54M USD
BJ
Next Earnings Date -: 2024-11-14
BJ
Fair Value (Analyst Targets) Y2024.D277 -: 90 USD
BJ
InvestingPro Fair Value -: 71.96 USD
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Article to enrich:
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) President and CEO Robert W. Eddy has recently sold a significant portion of his holdings in the company, according to the latest filings. The executive offloaded shares in a series of transactions that collectively netted over $920,000.
The sales, which took place on October 1, 2024, saw Eddy sell a total of 11,000 shares of BJ's Wholesale Club stock. The transactions occurred at varying prices, with a range between $82.51 and $84.44 per share. The sold shares represent a small fraction of Eddy's total holdings in the company, which, following the sale, amount to 434,792 shares.
This move by the CEO comes as part of his stock trading plan and was conducted through multiple transactions. The first batch of 3,164 shares was sold at an average price of $82.51, the second set of 1,329 shares at an average of $83.32, and the final group of 6,507 shares went for an average price of $84.44. The detailed price ranges for each transaction were disclosed in footnotes accompanying the filing, indicating that the shares were sold at prices from $81.92 to $84.65.
Investors and market watchers often monitor insider sales for insights into how executives view the company's prospects. While such sales are a regular part of many executives' financial planning, they can sometimes raise questions about an insider's confidence in the company's future performance.
The transactions were reported in a Form 4 document filed with the Securities and Exchange Commission. BJ's Wholesale Club, a prominent player in the retail variety stores sector, has its headquarters in Marlborough, Massachusetts. The company has been known under its current name since its previous incarnation as Beacon Holding Inc. changed in 2011.
In other recent news, BJ's Wholesale Club has reported robust financial performance in the second quarter of fiscal year 2024. The company's net sales reached approximately $5.1 billion, a 4.8% increase over the previous year, while comparable club sales saw a 3.1% year-over-year growth. Membership fees saw a 9% increase, and digital business grew significantly with a 22% increase in digitally enabled comp sales year-over-year.
These developments are part of the company's commitment to delivering value and convenience to its members, as evidenced by the 10th consecutive quarter of traffic gains. Real estate expansion is underway, with 11 new clubs scheduled to open in the next six months. BJ's Wholesale Club maintains its guidance for fiscal 2024 adjusted EPS and expects to deliver 1% to 2% comp sales growth for the fiscal year.
Despite the pressures on margins due to ongoing investments and pre-opening costs associated with the aggressive expansion plans, the company's strategic investments and focus on value proposition indicate a positive outlook for long-term success. The company's CEO, Bob Eddy, emphasized the company's long-term growth focus and willingness to invest in measures to maintain market share. These are the recent developments in the company's journey.
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