BJs Wholesale Club Holdings Inc (NYSE:BJ) Holdings Boosted by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) by 6.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,037,590 shares of the company’s stock after buying an additional 174,300 shares during the quarter. TimesSquare Capital Management LLC owned about 2.20% of BJs Wholesale Club worth $83,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in BJs Wholesale Club by 135.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,741 shares of the company’s stock valued at $75,000 after purchasing an additional 1,576 shares during the last quarter. BlackRock Inc. lifted its holdings in BJs Wholesale Club by 64.5% during the first quarter. BlackRock Inc. now owns 8,145,131 shares of the company’s stock valued at $223,176,000 after purchasing an additional 3,192,361 shares during the last quarter. California State Teachers Retirement System lifted its holdings in BJs Wholesale Club by 71.5% during the first quarter. California State Teachers Retirement System now owns 195,386 shares of the company’s stock valued at $5,354,000 after purchasing an additional 81,466 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in BJs Wholesale Club by 14.6% during the first quarter. Parametric Portfolio Associates LLC now owns 43,601 shares of the company’s stock valued at $1,195,000 after purchasing an additional 5,566 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in BJs Wholesale Club by 0.8% during the first quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock valued at $3,157,000 after purchasing an additional 955 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

NYSE BJ opened at $24.54 on Thursday. The stock has a market capitalization of $3.44 billion and a P/E ratio of 20.63. BJs Wholesale Club Holdings Inc has a twelve month low of $19.31 and a twelve month high of $32.92.

BJs Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.12 billion. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that BJs Wholesale Club Holdings Inc will post 1.47 EPS for the current year.

BJ has been the topic of several recent research reports. Wells Fargo & Co upped their price objective on shares of BJs Wholesale Club from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Nomura lowered their price target on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Gordon Haskett raised shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Zacks Investment Research raised shares of BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, May 24th. Finally, Citigroup lifted their price target on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.43.

In related news, CEO Christopher J. Baldwin sold 48,622 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $28.24, for a total value of $1,373,085.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kristyn M. Sugrue sold 6,802 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $28.00, for a total transaction of $190,456.00. The disclosure for this sale can be found here. Insiders have sold 9,167,524 shares of company stock worth $226,125,693 over the last ninety days. Insiders own 17.70% of the company’s stock.

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BJs Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Institutional Ownership by Quarter for BJs Wholesale Club (NYSE:BJ)

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