BJ’s Wholesale Club Holdings, Inc. $BJ Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 20.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,171,100 shares of the company’s stock after buying an additional 202,250 shares during the period. BJ’s Wholesale Club accounts for approximately 1.8% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 6th largest position. TimesSquare Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $126,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BJ. Select Equity Group L.P. lifted its holdings in BJ’s Wholesale Club by 1,230.1% in the first quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock valued at $198,458,000 after acquiring an additional 1,608,571 shares during the last quarter. Wellington Management Group LLP raised its holdings in BJ’s Wholesale Club by 449.6% in the 1st quarter. Wellington Management Group LLP now owns 1,126,001 shares of the company’s stock valued at $128,477,000 after buying an additional 921,139 shares during the period. AQR Capital Management LLC lifted its position in BJ’s Wholesale Club by 195.6% in the first quarter. AQR Capital Management LLC now owns 1,198,084 shares of the company’s stock valued at $136,019,000 after buying an additional 792,808 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in BJ’s Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after buying an additional 741,782 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at approximately $79,292,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup cut their target price on BJ’s Wholesale Club from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Jefferies Financial Group reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, August 22nd. JPMorgan Chase & Co. dropped their target price on BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday. BTIG Research started coverage on shares of BJ’s Wholesale Club in a research note on Tuesday, October 14th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Gordon Haskett cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.47.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 17,898 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $89.71, for a total value of $1,605,629.58. Following the completion of the transaction, the chief executive officer owned 296,735 shares in the company, valued at approximately $26,620,096.85. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president directly owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. This trade represents a 35.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $93.47 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $83.92 and a 1 year high of $121.10. The stock has a market capitalization of $12.31 billion, a PE ratio of 21.44, a PEG ratio of 2.45 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. The stock has a 50-day simple moving average of $93.64 and a 200-day simple moving average of $103.56.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.49 billion. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.BJ’s Wholesale Club’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ’s Wholesale Club Company Profile

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.