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.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2801444/wal-mart-stores-inc-nysewmt-pt-set-at-88-00-by-jefferies-group-llc.html.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.