Wal-Mart Stores Inc. (NYSE:WMT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Saturday. They currently have a $80.00 target price on the retailer’s stock. Credit Suisse Group AG’s price target indicates a potential upside of 16.72% from the stock’s previous close.

A number of other research firms also recently weighed in on WMT. KeyCorp initiated coverage on shares of Wal-Mart Stores in a report on Thursday, September 29th. They set an “overweight” rating and a $90.00 price target on the stock. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Guggenheim initiated coverage on shares of Wal-Mart Stores in a research note on Friday, September 30th. They issued a “buy” rating and a $82.00 target price on the stock. JPMorgan Chase & Co. set a $72.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Monday, October 10th. Finally, Royal Bank Of Canada raised their target price on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of “Hold” and an average target price of $74.96.

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

Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.94% during midday trading on Friday, hitting $68.54. 11,135,265 shares of the stock were exchanged. Wal-Mart Stores has a 12-month low of $56.36 and a 12-month high of $75.19. The stock’s 50 day moving average is $69.88 and its 200 day moving average is $71.04. The firm has a market cap of $212.01 billion, a P/E ratio of 14.76 and a beta of 0.10.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $118.20 billion for the quarter, compared to the consensus estimate of $118.69 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. Wal-Mart Stores’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts forecast that Wal-Mart Stores will post $4.34 earnings per share for the current fiscal year.

In other news, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the transaction, the insider now owns 29,464 shares in the company, valued at $2,105,497.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Squarepoint Ops LLC boosted its position in Wal-Mart Stores by 100.8% in the first quarter. Squarepoint Ops LLC now owns 103,700 shares of the retailer’s stock valued at $7,102,000 after buying an additional 52,064 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Wal-Mart Stores by 45.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 207,508 shares of the retailer’s stock valued at $14,223,000 after buying an additional 64,450 shares during the period. AIMZ Investment Advisors LLC boosted its position in Wal-Mart Stores by 1.1% in the first quarter. AIMZ Investment Advisors LLC now owns 21,822 shares of the retailer’s stock valued at $1,495,000 after buying an additional 235 shares during the period. Quantum Capital Management boosted its position in Wal-Mart Stores by 5.1% in the first quarter. Quantum Capital Management now owns 11,909 shares of the retailer’s stock valued at $816,000 after buying an additional 578 shares during the period. Finally, Logan Capital Management Inc. boosted its position in Wal-Mart Stores by 18.5% in the first quarter. Logan Capital Management Inc. now owns 5,041 shares of the retailer’s stock valued at $345,000 after buying an additional 787 shares during the period. Institutional investors own 29.96% 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.

5 Day Chart for NYSE:WMT

Receive News & Stock Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related stocks with our FREE daily email newsletter.