Royal Bank Of Canada Analysts Give Wal-Mart Stores, Inc. (NYSE:WMT) a $74.00 Price Target
Wal-Mart Stores, Inc. (NYSE:WMT) received a $74.00 target price from investment analysts at Royal Bank Of Canada in a research note issued to investors on Monday. The firm presently has a “sell” rating on the retailer’s stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 2.82% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.31 price target on the stock in a report on Monday, March 27th. Gordon Haskett started coverage on shares of Wal-Mart Stores in a report on Tuesday, May 9th. They set a “buy” rating and a $90.00 price target on the stock. Robert W. Baird set a $85.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, May 31st. Deutsche Bank AG upped their price target on shares of Wal-Mart Stores from $71.00 to $81.00 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Telsey Advisory Group upgraded shares of Wal-Mart Stores from a “market perform” rating to an “outperform” rating and upped their price target for the company from $73.00 to $82.00 in a report on Friday, April 7th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $78.33.
Wal-Mart Stores (NYSE WMT) traded up 1.127% during trading on Monday, hitting $77.008. The stock had a trading volume of 3,387,021 shares. The stock’s 50-day moving average price is $76.69 and its 200-day moving average price is $72.87. The company has a market capitalization of $232.14 billion, a P/E ratio of 17.486 and a beta of 0.28. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $80.48.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results 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 firm had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Analysts expect that Wal-Mart Stores will post $4.36 earnings per share for the current year.
In other news, Director S Robson Walton sold 1,321,340 shares of Wal-Mart Stores stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $78.61, for a total value of $103,870,537.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. raised its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the period. High Point Bank & Trust Co. raised its stake in shares of Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock valued at $136,000 after buying an additional 820 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares during the period. Finally, WealthTrust Arizona LLC raised its stake in shares of Wal-Mart Stores by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,135 shares of the retailer’s stock valued at $162,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 30.16% 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.
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