TimesSquare Capital Management LLC lowered its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,271,235 shares of the company's stock after selling 200,743 shares during the period. BJ's Wholesale Club accounts for about 1.7% of TimesSquare Capital Management LLC's holdings, making the stock its 5th largest holding. TimesSquare Capital Management LLC owned 0.96% of BJ's Wholesale Club worth $113,585,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in BJ. Neo Ivy Capital Management purchased a new stake in BJ's Wholesale Club during the 3rd quarter valued at $828,000. Sanctuary Advisors LLC boosted its stake in BJ's Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock valued at $3,215,000 after purchasing an additional 21,957 shares during the last quarter. Victory Capital Management Inc. boosted its stake in BJ's Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company's stock valued at $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Oak Harvest Investment Services purchased a new stake in BJ's Wholesale Club during the 4th quarter valued at $670,000. Finally, Quantinno Capital Management LP boosted its stake in BJ's Wholesale Club by 44.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,900 shares of the company's stock valued at $1,971,000 after purchasing an additional 7,374 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.
BJ's Wholesale Club Stock Performance
BJ's Wholesale Club stock traded down $2.16 during trading on Friday, reaching $101.44. The company had a trading volume of 1,653,687 shares, compared to its average volume of 1,514,770. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $68.53 and a 52 week high of $108.00. The firm's 50-day simple moving average is $97.49 and its 200 day simple moving average is $90.30. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 4.68 and a beta of 0.32. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.12 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
BJ has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on BJ's Wholesale Club from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Roth Mkm increased their price target on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Jefferies Financial Group increased their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. TD Cowen increased their price target on BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, UBS Group increased their price target on BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.88.
Check Out Our Latest Stock Report on BJ's Wholesale Club
About BJ's Wholesale Club
(
Free Report)
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.
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