Cowen Reiterates $120.00 Price Target for Wal-Mart Stores (WMT)

Wal-Mart Stores (NYSE:WMT) received a $120.00 price objective from investment analysts at Cowen in a research note issued on Thursday. The brokerage currently has a “buy” rating on the retailer’s stock. Cowen’s price target indicates a potential upside of 17.99% from the company’s previous close.

Other equities research analysts have also issued reports about the company. KeyCorp set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research report on Wednesday, October 11th. Jefferies Group upped their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, October 12th. Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Wal-Mart Stores in a research report on Thursday, October 12th. Finally, Barclays set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, November 13th. Eighteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.37.

Shares of Wal-Mart Stores (NYSE WMT) traded down $1.15 on Thursday, hitting $101.70. The company’s stock had a trading volume of 8,804,729 shares, compared to its average volume of 8,496,344. Wal-Mart Stores has a one year low of $67.56 and a one year high of $109.98. The firm has a market cap of $306,310.00, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same period in the prior year, the company posted $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. analysts anticipate that Wal-Mart Stores will post 4.43 earnings per share for the current year.

In other Wal-Mart Stores news, insider Gregory S. Foran sold 52,793 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $96.86, for a total value of $5,113,529.98. Following the sale, the insider now directly owns 121,457 shares of the company’s stock, valued at $11,764,325.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Robson Walton sold 826,617 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock worth $1,207,333,538 over the last ninety days. 51.39% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Hosking Partners LLP grew its stake in shares of Wal-Mart Stores by 30.0% in the fourth quarter. Hosking Partners LLP now owns 428,332 shares of the retailer’s stock worth $42,298,000 after purchasing an additional 98,922 shares in the last quarter. Pinnacle Financial Partners Inc. grew its stake in shares of Wal-Mart Stores by 146.8% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 23,122 shares of the retailer’s stock worth $2,283,000 after purchasing an additional 13,755 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Wal-Mart Stores by 7.3% in the fourth quarter. Cetera Investment Advisers now owns 27,323 shares of the retailer’s stock worth $2,701,000 after purchasing an additional 1,849 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in shares of Wal-Mart Stores by 13.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 36,557 shares of the retailer’s stock worth $3,625,000 after purchasing an additional 4,429 shares in the last quarter. Finally, Barings LLC grew its stake in shares of Wal-Mart Stores by 17.3% in the fourth quarter. Barings LLC now owns 63,675 shares of the retailer’s stock worth $6,288,000 after purchasing an additional 9,400 shares in the last quarter. 30.62% of the stock is currently owned by hedge funds and other institutional investors.

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Wal-Mart Stores Company Profile

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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