BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is TimesSquare Capital Management LLC’s 5th Largest Position

TimesSquare Capital Management LLC lessened its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,271,235 shares of the company’s stock after selling 200,743 shares during the quarter. BJ’s Wholesale Club accounts for 1.7% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 5th largest position. TimesSquare Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $113,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in BJ. Kestra Investment Management LLC grew its stake in BJ’s Wholesale Club by 27.3% in the 4th quarter. Kestra Investment Management LLC now owns 6,608 shares of the company’s stock valued at $590,000 after acquiring an additional 1,416 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of BJ’s Wholesale Club by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock worth $267,000 after purchasing an additional 132 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of BJ’s Wholesale Club by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 4,123 shares of the company’s stock worth $368,000 after purchasing an additional 217 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of BJ’s Wholesale Club by 2.1% during the 4th quarter. Sanctuary Advisors LLC now owns 39,810 shares of the company’s stock worth $3,557,000 after purchasing an additional 826 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of BJ’s Wholesale Club by 2.0% during the 4th quarter. Valmark Advisers Inc. now owns 34,645 shares of the company’s stock worth $3,096,000 after purchasing an additional 692 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BJ shares. Wells Fargo & Company raised their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. UBS Group raised their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group raised their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup raised their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Trading Down 0.7 %

NYSE BJ opened at $105.23 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $68.36 and a one year high of $108.00. The company’s 50 day moving average price is $97.19 and its 200 day moving average price is $89.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 4.69 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.