BJ's Ups Share Repurchase Authorization
NATICK, Mass. -- BJ's Wholesale Club, Inc.'s board of directors has authorized the repurchase of up to an additional $100 million of the warehouse club retailer's common stock. Including yesterday's announced additional authorization, about $133 million is available for share repurchase.
"Stock repurchases may be made from time to time, at management's discretion, in the open market (including through Rule 10b5-1 plans), or in privately negotiated transactions," the company said in a statement.
During the first quarter BJ's bought 500,000 shares at an average cost of $33.91 per share, or about $17 million. The company had about 65.4 million shares outstanding as of May 5.
BJ's operates 173 BJ's Wholesale Clubs in 16 states.
"Stock repurchases may be made from time to time, at management's discretion, in the open market (including through Rule 10b5-1 plans), or in privately negotiated transactions," the company said in a statement.
During the first quarter BJ's bought 500,000 shares at an average cost of $33.91 per share, or about $17 million. The company had about 65.4 million shares outstanding as of May 5.
BJ's operates 173 BJ's Wholesale Clubs in 16 states.