689,375 Shares in BJ’s Wholesale Club Holdings, Inc. $BJ Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the second quarter, Holdings Channel.com reports. The firm acquired 689,375 shares of the company’s stock, valued at approximately $60,127,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Citizens Bank & Trust Co. increased its stake in shares of BJ’s Wholesale Club by 0.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 14,069 shares of the company’s stock worth $1,267,000 after purchasing an additional 105 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in BJ’s Wholesale Club by 0.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,827 shares of the company’s stock valued at $1,155,000 after buying an additional 108 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in BJ’s Wholesale Club by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 18,491 shares of the company’s stock worth $1,665,000 after buying an additional 113 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in BJ’s Wholesale Club by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,015 shares of the company’s stock worth $902,000 after buying an additional 130 shares during the last quarter. Finally, Essential Partners LLC boosted its holdings in BJ’s Wholesale Club by 81.2% in the 1st quarter. Essential Partners LLC now owns 290 shares of the company’s stock worth $29,000 after buying an additional 130 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 73,016 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total value of $7,303,060.32. Following the sale, the chief executive officer directly owned 282,330 shares in the company, valued at approximately $28,238,646.60. This trade represents a 20.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BJ. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BJ’s Wholesale Club in a report on Friday. Bank of America began coverage on shares of BJ’s Wholesale Club in a research note on Wednesday, May 20th. They set a “neutral” rating and a $110.00 target price on the stock. Citigroup decreased their price target on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Wednesday, July 29th. Finally, William Blair lowered BJ’s Wholesale Club from a “mixed” rating to a “market perform” rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.93.

BJ’s Wholesale Club Stock Up 1.1%

Shares of BJ opened at $94.46 on Tuesday. The company’s 50-day simple moving average is $91.33 and its 200-day simple moving average is $93.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.18 and a current ratio of 0.73. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $83.21 and a 1 year high of $107.62. The stock has a market capitalization of $12.06 billion, a PE ratio of 21.71, a P/E/G ratio of 3.48 and a beta of 0.21.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.