BJ’s Wholesale Club director sells $1.27 million in stock

Robert Allan Steele, a director at BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ), recently sold shares of the company worth approximately $1.27 million. The transaction took place on March 14, 2025, involving the sale of 11,813 shares at a weighted average price of $107.59 per share, with prices ranging from $107.45 to $107.80. The stock, currently trading at $112.18, has shown remarkable strength with a 40% gain over the past six months. According to InvestingPro analysis, BJ’s current market capitalization stands at $14.8 billion, with the stock trading at a P/E ratio of 27.8x.

In the same transaction, Steele exercised stock options to acquire 11,813 shares at a price of $7.00 per share. Following these transactions, Steele holds 24,351 shares of BJ’s Wholesale Club. The company maintains a "GOOD" financial health score according to InvestingPro metrics, which offers comprehensive analysis including 12 additional key insights about BJ’s financial position and future prospects.

These transactions were part of a routine Form 4 filing, which discloses insider trades to the Securities and Exchange Commission. The company’s strong financial performance is reflected in its revenue of $20.5 billion over the last twelve months, with a healthy gross profit margin of 18.4%.

In other recent news, BJ’s Wholesale has reported strong financial performance, with several analysts adjusting their price targets accordingly. UBS analyst Mark Carden raised the price target for BJ’s Wholesale to $130, maintaining a Buy rating, citing the company’s 4.6% growth in core comparable sales for the fourth quarter, which exceeded the consensus estimate. TD Cowen also increased the price target to $135, following BJ’s fourth-quarter earnings per share of 93 cents, surpassing expectations, and highlighting a 5% growth in core comparable sales. Meanwhile, JPMorgan raised its price target to $109, acknowledging the company’s robust traffic and a 90% membership renewal rate, although expressing concerns about the sustainability of its valuation.

Citi adjusted its price target to $115, maintaining a Neutral rating, and noted BJ’s positive traffic momentum and market share gains. The analysts from Citi observed that BJ’s is well-positioned in the current economic environment, with a strong foundation in execution across various business areas. The company’s Fresh 2.0 initiative and strategic efforts in merchandise assortment have been well-received, contributing to its market share gains. Despite some concerns about discretionary spending, analysts believe BJ’s value proposition remains strong. These developments reflect the company’s strategic positioning and robust performance in the competitive wholesale club market.

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