TimesSquare Capital Management LLC Has $110 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

TimesSquare Capital Management LLC grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,650,167 shares of the company’s stock after acquiring an additional 152,870 shares during the quarter. BJ’s Wholesale Club accounts for approximately 1.6% of TimesSquare Capital Management LLC’s holdings, making the stock its 6th biggest holding. TimesSquare Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $110,000,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in BJ’s Wholesale Club by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock worth $54,180,000 after acquiring an additional 20,820 shares during the last quarter. Private Advisor Group LLC raised its holdings in BJ’s Wholesale Club by 30.7% during the 4th quarter. Private Advisor Group LLC now owns 5,420 shares of the company’s stock valued at $361,000 after buying an additional 1,272 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in BJ’s Wholesale Club during the 4th quarter valued at $206,000. Summit Trail Advisors LLC grew its holdings in BJ’s Wholesale Club by 7.4% in the 4th quarter. Summit Trail Advisors LLC now owns 9,920 shares of the company’s stock worth $661,000 after acquiring an additional 687 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Wednesday, February 7th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. raised their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. Loop Capital reissued a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. Finally, Evercore ISI dropped their target price on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.40.

BJ’s Wholesale Club Stock Up 2.1 %

BJ traded up $1.58 during midday trading on Thursday, reaching $77.74. The company’s stock had a trading volume of 966,200 shares, compared to its average volume of 1,461,022. The stock’s 50-day moving average is $75.41 and its 200-day moving average is $69.93. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $80.42. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 3.20 and a beta of 0.27. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Christopher J. Baldwin sold 73,062 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,840 shares of company stock worth $7,408,605. 2.20% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Profile

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.