BJ’s Wholesale Club (BJ) stock surged higher today after the discount retail chain announced plans to expand its store count with 25 to 30 additional locations over the next two fiscal years.
BJ’s Wholesale Club highlights the Dallas-Fort Worth area as one of its major targets for new stores. The company doesn’t provide an exact number of new locations coming to the area but says it will open several of them. BJ’s Wholesale Club’s Chairman and CEO Bob Eddy said the company will bring “unbeatable value, convenience and assortment to the Dallas-Fort Worth community.” He believes the company’s “unique club model” will “resonate with the families in this area.”
Other areas targeted by BJ’s Wholesale Club for new locations are Warner Robins, Georgia, Sevierville, Tennessee, and Delray Beach and Casselberry, Florida. The company also includes new locations opening early in 2025 or those that already opened earlier this year in its announced expansion plans. That includes stores in Brooksville, Florida, Myrtle Beach, South Carolina, Southern Pines, North Carolina, Whippany, New Jersey, and Staten Island, New York.
BJ Stock Movement Today
Investors celebrated the BJ’s Wholesale Club store expansion announcement today. This sent BJ stock 12.54% higher alongside 2.89 million shares traded, well above its three-month daily average of 1.55 million units. The stock has also gained 26.85% year-to-date and 43.7% over the last year.
Is BJ Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus estimate for BJ’s Wholesale Club is Moderate Buy based on five Buy and three Hold ratings over the last three months. With that comes an average price target of $108.71, a high of $122, and a low of $87. This represents a potential 3.39% upside for BJ stock.
See more BJ stock analyst ratings
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