TimesSquare Capital Management LLC Sells 302,385 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

TimesSquare Capital Management LLC trimmed its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 23.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 968,850 shares of the company's stock after selling 302,385 shares during the period. BJ's Wholesale Club comprises 1.8% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. TimesSquare Capital Management LLC owned approximately 0.74% of BJ's Wholesale Club worth $110,546,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BJ. Covestor Ltd increased its position in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new stake in BJ's Wholesale Club during the 1st quarter worth $33,000. HM Payson & Co. acquired a new stake in BJ's Wholesale Club during the 1st quarter worth $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in BJ's Wholesale Club during the 1st quarter worth $43,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of BJ's Wholesale Club in the 1st quarter worth $51,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company restated an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Robert W. Baird raised their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, DA Davidson lifted their price target on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.12.

Insider Transactions at BJ's Wholesale Club

In related news, Director Steven L. Ortega bought 1,740 shares of BJ's Wholesale Club stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the acquisition, the director owned 8,641 shares in the company, valued at approximately $990,258.60. This represents a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the completion of the sale, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

BJ's Wholesale Club Stock Performance

BJ stock traded down $1.21 during midday trading on Tuesday, hitting $106.23. The stock had a trading volume of 273,785 shares, compared to its average volume of 1,847,002. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.94 and a beta of 0.45. The stock has a 50-day simple moving average of $111.94 and a 200 day simple moving average of $107.96. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the company posted $0.85 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.