Wal-Mart Stores (NYSE:WMT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Robert W. Baird in a research note issued on Tuesday, The Fly reports. They presently have a $105.00 price target on the retailer’s stock, down from their previous price target of $110.00. Robert W. Baird’s price objective indicates a potential upside of 11.41% from the company’s current price.
A number of other equities analysts have also issued reports on the company. Citigroup upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and raised their target price for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. Goldman Sachs Group upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Wells Fargo & Co set a $101.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, December 27th. Barclays raised their target price on Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Wolfe Research upgraded Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Seventeen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $101.26.
Shares of Wal-Mart Stores (WMT) traded down $10.53 during mid-day trading on Tuesday, reaching $94.25. The company had a trading volume of 47,381,855 shares, compared to its average volume of 10,210,959. The stock has a market cap of $282,430.00, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores has a one year low of $69.33 and a one year high of $109.98.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.04). The firm had revenue of $135.15 billion during the quarter, compared to analysts’ expectations of $133.63 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.30 EPS. equities analysts predict that Wal-Mart Stores will post 4.44 earnings per share for the current year.
In related news, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now directly owns 19,060 shares in the company, valued at approximately $1,848,629.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Jim C. Walton sold 1,319,133 shares of Wal-Mart Stores stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total value of $128,760,572.13. Following the completion of the sale, the insider now owns 11,057,224 shares in the company, valued at $1,079,295,634.64. The disclosure for this sale can be found here. Insiders have sold a total of 8,462,022 shares of company stock worth $821,845,857 over the last 90 days. Insiders own 51.39% of the company’s stock.
A number of hedge funds have recently bought and sold shares of WMT. FMR LLC boosted its holdings in shares of Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after purchasing an additional 5,608,785 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Wal-Mart Stores by 955.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,668,539 shares of the retailer’s stock worth $461,019,000 after purchasing an additional 4,226,117 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Wal-Mart Stores by 43.5% during the 4th quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock worth $859,814,000 after purchasing an additional 2,637,516 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Wal-Mart Stores by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock worth $434,819,000 after purchasing an additional 1,716,422 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Wal-Mart Stores by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after purchasing an additional 1,689,364 shares during the last quarter. Institutional investors own 30.33% of the company’s stock.
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About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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