Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores, Inc. (NYSE:WMT) in a research report report published on Monday. The brokerage currently has a buy rating on the retailer’s stock.

A number of other analysts have also recently commented on the company. Cowen and Company reiterated an outperform rating and set a $86.00 target price (up previously from $83.00) on shares of Wal-Mart Stores in a research 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 research report on Thursday, June 1st. Wells Fargo & Company reiterated a hold rating on shares of Wal-Mart Stores in a research report on Sunday, June 4th. Deutsche Bank AG reiterated a hold rating and set a $81.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, June 13th. Finally, Credit Suisse Group reiterated a hold rating on shares of Wal-Mart Stores in a research report on Sunday, June 11th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the stock. Wal-Mart Stores has an average rating of Hold and an average target price of $78.11.

Wal-Mart Stores (NYSE WMT) opened at 76.02 on Monday. The firm has a market capitalization of $229.16 billion, a price-to-earnings ratio of 17.26 and a beta of 0.28. The company’s 50-day moving average price is $76.69 and its 200 day moving average price is $72.87. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $80.47.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly 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. The company had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. Wal-Mart Stores’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Analysts predict that Wal-Mart Stores will post $4.36 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Wal-Mart Stores, Inc. (WMT) Given a $88.00 Price Target by Jefferies Group LLC Analysts” was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/wal-mart-stores-inc-wmt-given-a-88-00-price-target-by-jefferies-group-llc-analysts/1454099.html.

In related news, insider David Chojnowski sold 5,142 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.36, for a total value of $408,069.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the stock in a transaction on Tuesday, May 23rd. The shares were 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 owns 6,748,580 shares of the company’s stock, valued at $530,775,817. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in WMT. TrimTabs Asset Management LLC increased 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 valued at $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. increased 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 valued at $109,000 after buying an additional 11 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock valued at $114,000 after buying an additional 112,511 shares in the last quarter. High Point Bank & Trust Co. increased its stake in shares of Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock valued at $136,000 after buying an additional 820 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares in the last quarter. Hedge funds and other institutional investors own 30.15% 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)

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 Analyst Ratings Network's FREE daily email newsletter.