Insider Sell: EVP, COO Jeff Desroches Sells 33,934 Shares of BJ's Wholesale Club Holdings Inc
On October 16, 2023, Jeff Desroches, the Executive Vice President and Chief Operating Officer of BJ's Wholesale Club Holdings Inc (NYSE:BJ), sold 33,934 shares of the company. This move is part of a series of transactions made by the insider over the past year, during which Desroches has sold a total of 42,709 shares and made no purchases.
BJ's Wholesale Club Holdings Inc is a leading operator of membership warehouse clubs in the Eastern United States. The company provides a curated selection of merchandise, including perishable products, general merchandise, gasoline, and other ancillary services. With a market cap of $9.497 billion, BJ's Wholesale Club Holdings Inc is a significant player in the retail industry.
The insider's recent sell has raised questions about the relationship between insider transactions and the stock price. Over the past year, there have been 17 insider sells and no insider buys for BJ's Wholesale Club Holdings Inc. This trend suggests a potential lack of confidence in the company's future performance among insiders.
On the day of the insider's recent sell, shares of BJ's Wholesale Club Holdings Inc were trading at $68.88 each. This price gives the stock a price-earnings ratio of 18.69, which is higher than the industry median of 16.71 but lower than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.94, indicating that it is fairly valued based on its GF Value of $73.17. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
While the insider's sell may raise eyebrows, it's important to note that insider transactions are just one of many factors that investors should consider when evaluating a stock. Other factors, such as the company's financial health, industry trends, and broader market conditions, should also be taken into account.
As always, investors are advised to do their own research and consider their investment goals and risk tolerance before making investment decisions.
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.
