Wal-Mart Stores Inc. (WMT) Given a $80.00 Price Target at Robert W. Baird
Wal-Mart Stores Inc. (NYSE:WMT) has been assigned a $80.00 target price by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday. The brokerage currently has a a “buy” rating on the retailer’s stock. Robert W. Baird’s price target points to a potential upside of 15.34% from the company’s previous close.
A number of other research analysts also recently weighed in on the stock. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 target price for the company in a research report on Monday, June 13th. Nomura reaffirmed a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a research report on Thursday, June 23rd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Wednesday, June 22nd. Bank of America Corp. reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a research report on Saturday, June 25th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $75.59.
Wal-Mart Stores (NYSE:WMT) traded down 0.7494% on Friday, reaching $68.8402. 10,191,092 shares of the company’s stock were exchanged. The firm has a market cap of $212.94 billion, a PE ratio of 14.8203 and a beta of 0.20. 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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/07/wal-mart-stores-inc-wmt-given-a-80-00-price-target-at-robert-w-baird.html
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. During the same period last year, the business posted $1.08 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that Wal-Mart Stores will post $4.34 earnings per share for the current year.
In other news, major shareholder Alice L. Walton sold 2,100,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $71.37, for a total transaction 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 $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of WMT. BTC Capital Management Inc. increased its position in 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 last quarter. Virginia Retirement System bought a new position in Wal-Mart Stores during the first quarter worth about $33,916,000. Nisa Investment Advisors L.L.C. increased its position in 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 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 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. 29.55% of the stock is currently owned by institutional investors.
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 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.
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.