Wal-Mart Stores Target of Unusually Large Options Trading (WMT)
Shares of Wal-Mart Stores (NYSE:WMT) were the target of unusually large options trading on Thursday. Investors bought 17,364 call options on the stock, ARN reports. This is an increase of approximately 150% compared to the typical daily volume of 6,942 call options.
Several analysts have recently commented on the stock. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Wal-Mart Stores in a research note on Friday, August 29th. They now have a $80.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Friday, August 15th. They now have a $78.00 price target on the stock, down previously from $80.00. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus price target of $79.69.
Wal-Mart Stores (NYSE:WMT) traded up 0.72% during mid-day trading on Thursday, hitting $76.56. 5,223,957 shares of the company’s stock traded hands. Wal-Mart Stores has a 1-year low of $71.51 and a 1-year high of $81.37. The stock has a 50-day moving average of $75.22 and a 200-day moving average of $76.09. The company has a market cap of $247.3 billion and a price-to-earnings ratio of 15.59.
Wal-Mart Stores (NYSE:WMT) last released its earnings data on Thursday, August 14th. The company reported $1.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.21. The company had revenue of $119.30 billion for the quarter, compared to the consensus estimate of $119.00 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Analysts expect that Wal-Mart Stores will post $5.04 EPS for the current fiscal year.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
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