Wal-Mart Stores Inc. (WMT) Given a $80.00 Price Target at Robert W. Baird
Wal-Mart Stores Inc. (NYSE:WMT) has been assigned a $80.00 price target by stock analysts at Robert W. Baird in a report released on Friday. The firm currently has a a “buy” rating on the retailer’s stock. Robert W. Baird’s target price points to a potential upside of 15.34% from the stock’s previous close.
A number of other equities analysts also recently commented on the company. KeyCorp set a $90.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley set a $74.00 price target on Wal-Mart Stores and gave the stock a “hold” rating in a research note on Friday. Royal Bank Of Canada decreased their price target on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating for the company in a research note on Friday. Telsey Advisory Group decreased their price target on Wal-Mart Stores from $78.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday. Finally, Vetr upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating and set a $77.94 price target for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and an average price target of $75.59.
Wal-Mart Stores (NYSE:WMT) traded down 0.7494% during mid-day trading on Friday, reaching $68.8402. The company’s stock had a trading volume of 10,191,092 shares. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The firm has a market capitalization of $212.94 billion, a PE ratio of 14.8203 and a beta of 0.20. The stock’s 50-day moving average is $71.93 and its 200-day moving average is $70.94.
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 Zacks’ 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 business had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Wal-Mart Stores will post $4.34 EPS for the current year.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Vigilant Capital Management LLC raised its position in 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 worth $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Wal-Mart Stores during the second quarter worth $100,000. Americafirst Capital Management LLC purchased a new position in Wal-Mart Stores during the second quarter worth $106,000. Seven Eight Capital LLC purchased a new position in Wal-Mart Stores during the second quarter worth $111,000. Finally, Piershale Financial Group Inc. raised its position in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 29.55% 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 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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