Stephens Analysts Give Wal-Mart Stores (WMT) a $117.00 Price Target

Stephens set a $117.00 price target on Wal-Mart Stores (NYSE:WMT) in a research note released on Tuesday. The firm currently has a buy rating on the retailer’s stock.

A number of other equities analysts have also weighed in on the company. Citigroup raised Wal-Mart Stores from a neutral rating to a buy rating and boosted their target price for the stock from $106.00 to $117.00 in a research report on Tuesday, December 19th. Wells Fargo & Co set a $101.00 target price on Wal-Mart Stores and gave the stock a neutral rating in a research report on Wednesday, December 27th. Zacks Investment Research raised Wal-Mart Stores from a hold rating to a buy rating and set a $88.00 target price for the company in a research report on Thursday, October 12th. Wolfe Research raised Wal-Mart Stores from an underperform rating to a market perform rating in a research report on Wednesday, December 20th. Finally, Bank of America set a $100.00 target price on Wal-Mart Stores and gave the stock a buy rating in a research report on Tuesday, October 10th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of Buy and a consensus price target of $99.44.

Wal-Mart Stores (NYSE WMT) opened at $104.59 on Tuesday. The stock has a market cap of $309,840.00, a PE ratio of 27.82, a P/E/G ratio of 4.06 and a beta of 0.37. Wal-Mart Stores has a one year low of $65.28 and a one year high of $104.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. analysts expect that Wal-Mart Stores will post 4.44 earnings per share for the current year.

Wal-Mart Stores announced that its board has approved a stock buyback plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

In other news, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the sale, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the sale, the insider now directly owns 121,457 shares of the company’s stock, valued at approximately $11,764,325.02. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 in the last ninety days. Insiders own 51.39% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC increased its holdings in Wal-Mart Stores by 0.4% in 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 in the last quarter. Gemmer Asset Management LLC increased its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after acquiring an additional 10 shares in the last quarter. LLBH Private Wealth Management LLC increased its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after acquiring an additional 24 shares in the last quarter. Edgemoor Investment Advisors Inc. increased its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after acquiring an additional 24 shares in the last quarter. Finally, Telemus Capital LLC increased its holdings in Wal-Mart Stores by 1.1% in the 2nd quarter. Telemus Capital LLC now owns 3,633 shares of the retailer’s stock worth $275,000 after acquiring an additional 38 shares in the last quarter. 30.58% of the stock is owned by institutional investors.

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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 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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