BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Holdings Lowered by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,377,587 shares of the company’s stock after selling 272,580 shares during the quarter. BJ’s Wholesale Club accounts for about 1.5% of TimesSquare Capital Management LLC’s holdings, making the stock its 10th biggest position. TimesSquare Capital Management LLC owned about 1.04% of BJ’s Wholesale Club worth $104,214,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BJ. Daiwa Securities Group Inc. raised its position in shares of BJ’s Wholesale Club by 1.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock worth $800,000 after purchasing an additional 200 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of BJ’s Wholesale Club by 3.7% during the 4th quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock worth $454,000 after purchasing an additional 241 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of BJ’s Wholesale Club by 7.9% during the 4th quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after purchasing an additional 260 shares during the last quarter. Dfpg Investments LLC raised its position in shares of BJ’s Wholesale Club by 6.0% during the 4th quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock worth $322,000 after purchasing an additional 278 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its position in shares of BJ’s Wholesale Club by 0.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,643 shares of the company’s stock worth $2,509,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.3 %

Shares of BJ stock traded down $0.26 on Friday, reaching $90.39. 1,177,267 shares of the stock were exchanged, compared to its average volume of 1,278,785. The stock has a market cap of $12.00 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 3.22 and a beta of 0.23. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $85.37 and a two-hundred day moving average of $76.14. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $62.28 and a 1-year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Loop Capital lifted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, May 23rd. UBS Group boosted their price target on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Bank of America boosted their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Robert W. Baird boosted their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.35.

Insider Buying and Selling

In related news, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The disclosure for this sale can be found here. In the last three months, insiders sold 26,106 shares of company stock valued at $2,246,386. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.