Royal Bank Of Canada Increases Wal-Mart Stores, Inc. (WMT) Price Target to $92.00
Wal-Mart Stores, Inc. (NYSE:WMT) had its target price lifted by stock analysts at Royal Bank Of Canada from $83.00 to $92.00 in a research note issued to investors on Friday. The firm presently has an “underperform” rating on the retailer’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 5.61% from the company’s previous close.
A number of other research analysts also recently issued reports on WMT. Barclays PLC set a $100.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, November 13th. Telsey Advisory Group reduced their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday. Vetr downgraded Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price objective for the company. in a research note on Friday. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Finally, Jefferies Group LLC set a $105.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $89.87.
Wal-Mart Stores (WMT) opened at $97.47 on Friday. The stock has a market capitalization of $291,162.56, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 3.60 and a beta of 0.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.18. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $100.13.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. equities research analysts expect that Wal-Mart Stores will post 4.42 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
In related news, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 646,330 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now owns 3,344,956 shares in the company, valued at $268,265,471.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,979,505 shares of company stock worth $790,977,085. 51.39% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of WMT. Winfield Associates Inc. grew its position in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after acquiring an additional 75 shares during the last quarter. TrimTabs Asset Management LLC grew its position in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after acquiring an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC grew its position in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 30.12% 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 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.
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