Robert W. Baird Reaffirms Outperform Rating for Wal-Mart Stores (WMT)

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.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reaffirms Outperform Rating for Wal-Mart Stores (WMT)” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/20/robert-w-baird-reaffirms-outperform-rating-for-wal-mart-stores-wmt.html.

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.

The Fly

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

Receive News & Ratings for Wal-Mart Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply