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Insider Sale: EVP, COO Jeff Desroches Sells 14,106 Shares of BJ's Wholesale Club Holdings Inc (BJ)

On May 31, 2024, Jeff Desroches, Executive Vice President and Chief Operating Officer of BJ's Wholesale Club Holdings Inc (NYSE:BJ), executed a sale of 14,106 shares of the company at an average price of $86 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 87,294 shares of the company.

BJ's Wholesale Club Holdings Inc operates as a membership-only warehouse club chain in the United States, primarily on the East Coast. The company offers a variety of products, including groceries, household items, and electronics, providing significant savings on supermarket prices.

Over the past year, Jeff Desroches has sold a total of 48,040 shares and has not purchased any shares. This recent transaction follows a pattern observed within the company, where there have been 23 insider sells and no insider buys over the past year.

Insider Sale: EVP, COO Jeff Desroches Sells 14,106 Shares of BJ's Wholesale Club Holdings Inc (BJ)
Insider Sale: EVP, COO Jeff Desroches Sells 14,106 Shares of BJ's Wholesale Club Holdings Inc (BJ)

Shares of BJ's Wholesale Club Holdings Inc were trading at $86 on the day of the sale, giving the company a market cap of approximately $11.50 billion. The price-earnings ratio of the stock stands at 22.51, which is above both the industry median of 16.69 and the company's historical median.

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The stock's valuation, according to the GF Value, is set at $76.89, indicating that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.12.

Insider Sale: EVP, COO Jeff Desroches Sells 14,106 Shares of BJ's Wholesale Club Holdings Inc (BJ)
Insider Sale: EVP, COO Jeff Desroches Sells 14,106 Shares of BJ's Wholesale Club Holdings Inc (BJ)

The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.

This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.