Wal-Mart Stores, Inc. (NYSE:WMT) received a $91.00 target price from BMO Capital Markets in a research note issued on Friday. The firm currently has a “hold” rating on the retailer’s stock. BMO Capital Markets’ price objective suggests a potential upside of 5.69% from the stock’s previous close.

Several other brokerages also recently commented on WMT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $91.00 target price on shares of Wal-Mart Stores in a report on Thursday. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 target price (up from $79.00) on shares of Wal-Mart Stores in a report on Wednesday. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $77.00 target price on shares of Wal-Mart Stores in a report on Wednesday. Finally, Jefferies Group LLC lifted their target price on Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $83.48.

Wal-Mart Stores (NYSE:WMT) opened at 86.10 on Friday. The firm has a market cap of $257.20 billion, a price-to-earnings ratio of 20.69 and a beta of 0.29. The firm has a 50-day moving average price of $79.80 and a 200 day moving average price of $77.45. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $86.37.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. Equities analysts predict that Wal-Mart Stores will post $4.37 earnings per share for the current year.

Wal-Mart Stores announced that its Board of Directors has approved a share repurchase program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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In other news, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the transaction, the insider now directly owns 21,125 shares of the company’s stock, valued at $1,668,875. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at $269,068,260.64. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last three months. Corporate insiders own 51.39% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WMT. Winfield Associates Inc. grew its holdings in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares in the last quarter. TrimTabs Asset Management LLC grew its holdings 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 acquiring an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC grew its holdings in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares in the last quarter. 30.19% of the stock is 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 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.

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

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