Wal-Mart Stores Target of Unusually High Options Trading (WMT)
Wal-Mart Stores (NYSE:WMT) saw some unusual options trading on Monday. Traders acquired 15,417 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 124% compared to the typical daily volume of 6,871 put options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Wal-Mart Stores in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note to investors on Friday. They now have a $79.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $80.20.
Wal-Mart Stores (NYSE:WMT) opened at 74.68 on Tuesday. Wal-Mart Stores has a 52 week low of $67.37 and a 52 week high of $79.96. The stock’s 50-day moving average is $73.93 and its 200-day moving average is $76.. The company has a market cap of $243.1 billion and a price-to-earnings ratio of 14.56.
Wal-Mart Stores (NYSE:WMT) last released its earnings data 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.