Wal-Mart Stores Inc. (WMT) Given a $82.00 Price Target by Barclays PLC Analysts
Wal-Mart Stores Inc. (NYSE:WMT) has been given a $82.00 target price by stock analysts at Barclays PLC in a research note issued on Monday. The firm presently has a a “buy” rating on the retailer’s stock. Barclays PLC’s target price would indicate a potential upside of 19.36% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Jefferies Group set a $85.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, August 9th. Nomura reissued a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a research note on Thursday, June 23rd. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 price target on the stock in a report on Monday, June 13th. Finally, Guggenheim assumed coverage on Wal-Mart Stores in a report on Friday, September 30th. They issued a “buy” rating and a $82.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $75.29.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 1.12% on Monday, hitting $67.93. The stock had a trading volume of 3,931,602 shares. The stock has a market capitalization of $210.12 billion, a PE ratio of 14.62 and a beta of 0.20. Wal-Mart Stores has a one year low of $56.30 and a one year high of $75.19. The firm’s 50 day moving average is $71.77 and its 200-day moving average is $70.95.
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Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $119.33 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Equities research analysts expect that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $488,664,677.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were 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 owns 6,748,580 shares of the company’s stock, valued at $481,646,154.60. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of Wal-Mart Stores by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 608,983 shares of the retailer’s stock valued at $41,709,000 after buying an additional 24,292 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Wal-Mart Stores by 12.9% in the second quarter. Acadian Asset Management LLC now owns 3,788,062 shares of the retailer’s stock valued at $276,603,000 after buying an additional 431,780 shares in the last quarter. British Columbia Investment Management Corp increased its stake in shares of Wal-Mart Stores by 2.1% in the second quarter. British Columbia Investment Management Corp now owns 621,749 shares of the retailer’s stock valued at $45,400,000 after buying an additional 13,017 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Wal-Mart Stores by 33.7% in the first quarter. Panagora Asset Management Inc. now owns 1,692,255 shares of the retailer’s stock valued at $115,903,000 after buying an additional 426,436 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Wal-Mart Stores by 3.0% in the second quarter. Retirement Systems of Alabama now owns 1,582,960 shares of the retailer’s stock valued at $115,588,000 after buying an additional 45,683 shares in the last quarter. Institutional investors own 29.55% of the company’s stock.
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.
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