Goldman Sachs Group, Inc. (The) Analysts Give Wal-Mart Stores, Inc. (WMT) a $84.00 Price Target
Goldman Sachs Group, Inc. (The) set a $84.00 price target on Wal-Mart Stores, Inc. (NYSE:WMT) in a report released on Wednesday morning. The brokerage currently has a buy rating on the retailer’s stock.
A number of other brokerages have also recently issued reports on WMT. Cowen and Company restated an outperform rating and set a $86.00 target price (up previously from $83.00) on shares of Wal-Mart Stores in a report on Monday, June 5th. Vetr cut Wal-Mart Stores from a buy rating to a hold rating and set a $82.17 target price on the stock. in a report on Thursday, June 1st. Wells Fargo & Company restated a hold rating on shares of Wal-Mart Stores in a report on Sunday, June 4th. Deutsche Bank AG restated a hold rating and set a $81.00 target price on shares of Wal-Mart Stores in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a buy rating and set a $88.00 target price on shares of Wal-Mart Stores in a report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of Hold and an average target price of $78.46.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 79.81 on Wednesday. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $80.47. The stock has a market capitalization of $240.59 billion, a price-to-earnings ratio of 18.12 and a beta of 0.28. The firm’s 50-day moving average is $76.50 and its 200-day moving average is $73.26.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Wal-Mart Stores will post $4.36 earnings per share for the current fiscal year.
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In related news, major shareholder Jim C. Walton sold 3,278,735 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $79.00, for a total transaction of $259,020,065.00. Following the transaction, the insider now directly owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 1,618,300 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $80.22, for a total value of $129,820,026.00. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $268,332,370.32. The disclosure for this sale can be found here. Insiders have sold a total of 23,006,720 shares of company stock worth $1,816,131,604 over the last three months. 51.39% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Winfield Associates Inc. raised its position in 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 during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in 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 during the last quarter. TrimTabs Asset Management LLC raised its position in 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 during the last quarter. Asset Planning Services Ltd. raised its position in 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 during the last quarter. Finally, Paragon Capital Management Ltd acquired a new position in Wal-Mart Stores during the first quarter worth $201,000. 30.16% of the stock is currently owned by institutional investors and hedge funds.
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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