UBS increased its price target on BJ’s Wholesale Club to $115 from $109 while maintaining a buy rating, citing accelerating customer traffic, membership growth and rising fee revenue per member. The stock was trading at $99.71 late Monday, with a market capitalization of $12.71 billion.
The upgrade follows BJ’s report for the second fiscal quarter of 2026, which exceeded Wall Street estimates. Adjusted earnings per share came in at $1.36, above the $1.17 forecast, while revenue reached $6.09 billion compared with the $5.97 billion estimate. Same-store sales grew 3.1%, driven largely by higher-income customers, which accounted for roughly 75% of the increase, while lower-income customers returned to positive growth.
DA Davidson also raised its price target on BJ’s to $108 from $105, keeping its buy rating. The firm highlighted the benefit from higher gasoline prices, which lifted sales and traffic, and noted that BJ’s reinvested those gains by cutting prices inside stores.
For the full year, BJ’s raised its adjusted EPS guidance to a range of $4.60 to $4.80. Trailing twelve-month revenue rose 9.1% to $22.81 billion. UBS expects the retailer to sustain low-to-mid single-digit same-store sales growth over the long term as it continues expanding in Texas.
