BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is TimesSquare Capital Management LLC’s 3rd Largest Position

TimesSquare Capital Management LLC raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,471,978 shares of the company’s stock after purchasing an additional 184,966 shares during the quarter. BJ’s Wholesale Club accounts for 1.8% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. TimesSquare Capital Management LLC owned about 1.11% of BJ’s Wholesale Club worth $121,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after purchasing an additional 2,571,709 shares during the period. Marshall Wace LLP boosted its stake in shares of BJ’s Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after buying an additional 499,954 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in BJ’s Wholesale Club by 201.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after acquiring an additional 395,573 shares during the period. Raymond James & Associates raised its position in BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after acquiring an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP acquired a new stake in BJ’s Wholesale Club in the first quarter valued at $27,214,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now directly owns 434,792 shares in the company, valued at approximately $36,413,830. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 in the last three months. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $90.29 on Friday. The firm’s 50 day simple moving average is $83.83 and its 200-day simple moving average is $84.48. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The company has a market cap of $11.97 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 3.31 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

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.