Wal-Mart Stores, Inc. (NYSE:WMT)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group LLC in a report issued on Thursday. They currently have a $75.54 price target on the retailer’s stock, down from their previous price target of $88.00. Jefferies Group LLC’s price target suggests a potential downside of 0.92% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Cowen and Company reissued an “outperform” rating and set a $86.00 target price (up previously from $83.00) on shares of Wal-Mart Stores in a research report on Monday, June 5th. Vetr lowered Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $82.17 target price on the stock. in a research report on Thursday, June 1st. Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Deutsche Bank AG reissued a “hold” rating and set a $81.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, June 13th. Finally, Credit Suisse Group reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Sunday, June 11th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.04.

Analyst Recommendations for Wal-Mart Stores (NYSE:WMT)

Wal-Mart Stores (WMT) opened at 75.70 on Thursday. The stock’s 50 day moving average is $77.62 and its 200 day moving average is $72.14. The firm has a market cap of $228.20 billion, a P/E ratio of 17.19 and a beta of 0.30. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $80.47. Wal-Mart Stores also was the target of some unusual options trading on Monday. Investors purchased 2,571 put options on the stock. This represents an increase of approximately 166% compared to the typical volume of 966 put options.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, equities research analysts expect that Wal-Mart Stores will post $4.36 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Jefferies Group LLC Reaffirms “Buy” Rating for Wal-Mart Stores, Inc. (WMT)” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/06/22/jefferies-group-llc-reaffirms-buy-rating-for-wal-mart-stores-inc-wmt.html.

In related news, Director S Robson Walton sold 1,321,340 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 3,278,735 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the sale, the insider now owns 10,507,224 shares in the company, valued at $830,070,696. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,980,991 shares of company stock worth $1,814,159,476. Company insiders own 51.39% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Fred Alger Management Inc. increased its stake in Wal-Mart Stores by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 29,172 shares of the retailer’s stock worth $2,016,000 after buying an additional 599 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after buying an additional 31,436 shares during the last quarter. Cohen Lawrence B increased its stake in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock worth $436,000 after buying an additional 25 shares during the last quarter. Teachers Advisors LLC increased its stake in Wal-Mart Stores by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 3,251,918 shares of the retailer’s stock worth $224,773,000 after buying an additional 35,845 shares during the last quarter. Finally, Highfields Capital Management LP purchased a new stake in Wal-Mart Stores during the fourth quarter worth approximately $69,120,000. Hedge funds and other institutional investors own 30.14% 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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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.