Robert W. Baird Analysts Give Wal-Mart Stores Inc. (WMT) a $80.00 Price Target
Wal-Mart Stores Inc. (NYSE:WMT) has been assigned a $80.00 price objective by investment analysts at Robert W. Baird in a research report issued to clients and investors on Friday. The brokerage presently has a a “buy” rating on the retailer’s stock. Robert W. Baird’s price target would suggest a potential upside of 16.45% from the company’s current price.
Several other brokerages also recently weighed in on WMT. KeyCorp started coverage on Wal-Mart Stores in a report on Thursday, September 29th. They set an “overweight” rating and a $90.00 price target for the company. Credit Suisse Group AG assumed coverage on Wal-Mart Stores in a report on Friday, September 16th. They issued an “outperform” rating and a $80.00 target price for the company. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Guggenheim assumed coverage on Wal-Mart Stores in a report on Friday, September 30th. They issued a “buy” rating and a $82.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus target price of $75.59.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.95% on Friday, hitting $68.70. 12,647,034 shares of the stock traded hands. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The firm’s 50 day moving average is $71.93 and its 200-day moving average is $70.94. The company has a market cap of $212.51 billion, a PE ratio of 14.79 and a beta of 0.20.
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Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same period last year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts predict that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In other news, major shareholder Alice L. Walton sold 3,504,756 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total value of $250,134,435.72. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value of $227,573,478.86. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The disclosure for this sale can be found here. 51.55% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. BTC Capital Management Inc. increased its stake in shares of Wal-Mart Stores by 25.8% in the first quarter. BTC Capital Management Inc. now owns 42,394 shares of the retailer’s stock worth $2,905,000 after buying an additional 8,691 shares during the period. Virginia Retirement System bought a new position in shares of Wal-Mart Stores during the first quarter worth approximately $33,916,000. Nisa Investment Advisors L.L.C. increased its position in shares of Wal-Mart Stores by 5.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 592,292 shares of the retailer’s stock worth $40,566,000 after buying an additional 30,400 shares during the last quarter. Community Bank & Trust Waco Texas increased its position in shares of Wal-Mart Stores by 1.5% in the first quarter. Community Bank & Trust Waco Texas now owns 27,285 shares of the retailer’s stock worth $1,869,000 after buying an additional 400 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Wal-Mart Stores by 30.2% in the first quarter. Aperio Group LLC now owns 1,031,777 shares of the retailer’s stock worth $70,666,000 after buying an additional 239,298 shares during the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.
Wal-Mart Stores Company Profile
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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