What happened
Timothy Pierce Morningstar, identified in a Form 4 filing with the Securities and Exchange Commission as executive vice president and chief growth officer at BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ), sold a total of 14,872 shares of common stock in two transactions executed on April 10 and April 13.
Transaction details
The two sales were both coded as "S" in the filing. On April 10, Morningstar sold 7,436 shares at a weighted average price of $90.40, producing proceeds of $672,114. The per-share prices in that trade ranged from $90.39 to $90.48. On April 13, he sold another 7,436 shares at a weighted average price of $93.19, generating $693,061 in proceeds, with trade prices between $93.07 and $93.22. The combined value of the two transactions is $1,365,175.
Post-transaction holdings
Following these sales, the filing shows Morningstar directly holds 38,780 shares of BJ’s common stock.
Market context
The sales occurred while BJ’s shares were trading close to the company’s 52-week low of $86.68. Over the past 12 months the stock has fallen 22%. The most recent quoted price of $91.72 places BJ’s market capitalization at approximately $11.9 billion.
Valuation and analyst activity
An InvestingPro analysis cited in the filing indicates the stock appears overvalued at its current level. The filing further notes that 13 analysts have recently reduced their earnings estimates for the upcoming period.
Company financial and operational highlights
BJ’s reported fourth-quarter fiscal 2026 adjusted earnings per share of $0.96, topping the Street’s $0.93 estimate, with the company attributing the beat to a slightly lower tax rate. BJ’s finished 2025 with more than 8 million members. A membership fee increase helped drive an 11% year-over-year rise in membership fee income. Comparable store sales rose 2.6%, and the company recorded a 16th consecutive quarter of traffic growth.
Analyst reactions and corporate changes
Following the quarterly results and guidance for 2026, BofA Securities maintained a Buy rating with a $115 price target, and William Blair reiterated an Outperform rating. Evercore ISI raised its price target to $100 while keeping an In Line rating. DA Davidson maintained a Buy rating and highlighted an estimated 70% growth potential in the warehouse club sector based on its proprietary saturation analysis. The company also announced the appointment of Stephanie Reibling as Executive Vice President and Chief Merchandising Officer, responsible for merchandising operations and category growth initiatives.
Note on sources
The share transactions and holding figures are reported in the Form 4 filing referenced above. Valuation commentary, analyst estimate revisions, company results and analyst actions are presented as described in the filing and related company disclosures.