Wal-Mart Stores Target of Unusually High Options Trading (WMT)
Wal-Mart Stores (NYSE:WMT) was the target of unusually large options trading activity on Wednesday. Investors bought 13,519 put options on the stock, Stock Ratings Network reports. This represents an increase of approximately 230% compared to the average daily volume of 4,102 put options.
WMT has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Wal-Mart Stores (NYSE:WMT) in a research note to investors on Tuesday, September 17th. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Wal-Mart Stores (NYSE:WMT) in a research note to investors on Monday, September 9th. They set a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Wal-Mart Stores currently has a consensus rating of “Buy” and a consensus price target of $80.13.
Wal-Mart Stores (NYSE:WMT) traded down 1.45% on Wednesday, hitting $74.65. The stock had a trading volume of 14,997,895 shares. Wal-Mart Stores has a one year low of $67.37 and a one year high of $79.96. The stock’s 50-day moving average is $74.58 and its 200-day moving average is $76.03. The company has a market cap of $243.0 billion and a P/E ratio of 14.75.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The company reported $1.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.25. The company had revenue of $116.20 billion for the quarter, compared to the consensus estimate of $118.57 billion. During the same quarter last year, the company posted $1.18 earnings per share. Wal-Mart Stores’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Wal-Mart Stores will post $5.20 earnings per share for the current fiscal year.
Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats around globally.
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