TimesSquare Capital Management LLC Has $121.41 Million Stock Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

TimesSquare Capital Management LLC boosted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,471,978 shares of the company's stock after buying an additional 184,966 shares during the quarter. BJ's Wholesale Club makes up about 1.8% of TimesSquare Capital Management LLC's holdings, making the stock its 3rd largest position. TimesSquare Capital Management LLC owned 1.11% of BJ's Wholesale Club worth $121,409,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in shares of BJ's Wholesale Club during the second quarter worth about $25,000. Davis Capital Management acquired a new stake in shares of BJ's Wholesale Club during the third quarter worth about $25,000. UMB Bank n.a. boosted its stake in shares of BJ's Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of BJ's Wholesale Club during the third quarter worth about $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of BJ's Wholesale Club during the second quarter worth about $45,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,000 shares of company stock valued at $2,818,390. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ traded up $0.96 during mid-day trading on Friday, reaching $90.29. 932,941 shares of the company's stock were exchanged, compared to its average volume of 1,061,443. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 3.31 and a beta of 0.24. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The company has a 50-day simple moving average of $83.83 and a two-hundred day simple moving average of $84.48.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.15 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ's Wholesale Club's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. On average, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BJ. Wells Fargo & Company upgraded shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Melius Research started coverage on shares of BJ's Wholesale Club in a research report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective for the company. Roth Mkm raised their price objective on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, August 23rd. Bank of America reduced their price objective on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $87.33.

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.