Wal-Mart Stores, Inc. (NYSE:WMT) has been given a $100.00 price objective by equities researchers at Barclays PLC in a research report issued on Monday. The brokerage presently has a “buy” rating on the retailer’s stock. Barclays PLC’s target price suggests a potential upside of 9.99% from the stock’s previous close.

Several other brokerages also recently commented on WMT. Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, July 26th. Jefferies Group LLC set a $88.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, July 17th. Bank of America Corporation set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, October 12th. Finally, KeyCorp set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.27.

Shares of Wal-Mart Stores (NYSE:WMT) traded up $0.62 during mid-day trading on Monday, reaching $90.92. 7,647,800 shares of the company’s stock traded hands, compared to its average volume of 8,693,536. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $91.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.18 and a current ratio of 0.78. The stock has a market cap of $271,596.41, a PE ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the previous year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. research analysts forecast that Wal-Mart Stores will post 4.37 EPS for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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In other news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now owns 10,048,580 shares in the company, valued at $804,288,343.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock worth $785,676,492 in the last 90 days. 51.39% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Winfield Associates Inc. grew its position in Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. TrimTabs Asset Management LLC grew its position in Wal-Mart Stores by 89.2% during the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in Wal-Mart Stores by 3.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. Thompson Davis & CO. Inc. grew its position in Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC grew its position in Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. Institutional investors 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.

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

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