Wal-Mart Stores, Inc. (NYSE:WMT) PT Set at $88.00 by Jefferies Group LLC

Wal-Mart Stores, Inc. (NYSE:WMT) has been given a $88.00 target price by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the retailer’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 9.10% from the company’s previous close.

WMT has been the subject of several other research reports. Cowen and Company set a $86.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday. Gordon Haskett initiated coverage on Wal-Mart Stores in a report on Tuesday, May 9th. They issued a “buy” rating and a $90.00 price target for the company. Goldman Sachs Group, Inc. (The) set a $84.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Robert W. Baird set a $85.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, Deutsche Bank AG raised their price target on Wal-Mart Stores from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and an average target price of $79.40.

Shares of Wal-Mart Stores (WMT) traded up 0.25% during mid-day trading on Friday, hitting $80.86. 1,478,575 shares of the stock were exchanged. The firm has a market cap of $243.75 billion, a P/E ratio of 18.36 and a beta of 0.29. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99. The stock’s 50 day moving average is $77.30 and its 200 day moving average is $74.05. Wal-Mart Stores also saw some unusual options trading on Tuesday. Stock investors acquired 59,526 call options on the company. This is an increase of approximately 408% compared to the typical daily volume of 11,715 call options.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The company had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Wal-Mart Stores will post $4.36 EPS for the current fiscal year.

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In other news, Director S Robson Walton sold 1,321,340 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Insiders sold 23,006,720 shares of company stock worth $1,816,131,604 over the last ninety days. Corporate insiders own 51.39% of the company’s stock.

Several hedge funds have recently modified their holdings of WMT. Winfield Associates Inc. raised its stake in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares in the last quarter. 30.09% of the stock is currently owned by hedge funds and other institutional investors.

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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