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bj's wholesale club reports strong earnings but misses revenue estimates
BJ's Wholesale Club reported earnings per share of $0.93, exceeding estimates of $0.86, with quarterly revenue of $5.28 billion, slightly below the $5.29 billion forecast. The company has a net margin of 2.71% and a return on equity of 35.41%. Insider trading saw significant sales, with executives reducing their stakes, while Barclays PLC increased its holdings by over 104%. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $110.82.
bj's wholesale club sees insider sales and institutional investment activity
BJ's Wholesale Club saw significant insider trading, with Director Robert Allan Steele and EVP William C. Werner selling shares, resulting in ownership decreases of 32.67% and 38.98%, respectively. Institutional investors hold 98.60% of the stock, with recent boosts in holdings from firms like Covestor Ltd and Brown Brothers Harriman & Co. Analysts maintain a "Moderate Buy" rating, with Citigroup upgrading its price target to $130, indicating a potential upside.