Wal-Mart Stores Inc. (NYSE:WMT)‘s stock had its “outperform” rating restated by Credit Suisse Group AG in a research report issued to clients and investors on Wednesday. They presently have a $80.00 price target on the retailer’s stock. Credit Suisse Group AG’s target price indicates a potential upside of 15.34% from the stock’s previous close.
Several other research analysts have also issued reports on WMT. Royal Bank Of Canada increased their target price on Wal-Mart Stores from $73.00 to $76.00 and gave the stock an “underperform” rating in a research report on Friday, August 19th. Jefferies Group set a $85.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Bank of America Corp. reissued a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a research report on Saturday, June 25th. Telsey Advisory Group increased their target price on Wal-Mart Stores from $71.00 to $78.00 and gave the stock a “market perform” rating in a research report on Friday, August 19th. Finally, Morgan Stanley set a $76.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Friday, August 19th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Hold” and an average target price of $75.63.
Wal-Mart Stores (NYSE:WMT) opened at 69.36 on Wednesday. The firm has a 50-day moving average price of $71.93 and a 200 day moving average price of $70.94. Wal-Mart Stores has a 52-week low of $56.30 and a 52-week high of $75.19. The stock has a market cap of $214.55 billion, a PE ratio of 14.93 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $119.33 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The business’s revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares in the company, valued at $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Vigilant Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Wal-Mart Stores during the second quarter valued at $100,000. Americafirst Capital Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at $106,000. Seven Eight Capital LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at $111,000. Finally, Piershale Financial Group Inc. boosted its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the last quarter. Institutional investors own 29.55% of the company’s stock.
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 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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