Goldman Sachs Group, Inc. (The) reissued their buy rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research report report published on Thursday morning, MarketBeat reports. They currently have a $91.00 price objective on the retailer’s stock.

A number of other analysts have also recently commented on the company. Stifel Nicolaus restated a hold rating and issued a $85.00 price target (up previously from $79.00) on shares of Wal-Mart Stores in a research report on Wednesday, October 11th. Royal Bank Of Canada restated an underperform rating and issued a $77.00 price target on shares of Wal-Mart Stores in a research report on Wednesday, October 11th. Telsey Advisory Group upped their price target on Wal-Mart Stores from $88.00 to $92.00 and gave the stock an outperform rating in a research report on Wednesday, October 11th. KeyCorp set a $100.00 price target on Wal-Mart Stores and gave the stock a buy rating in a research report on Wednesday, October 11th. Finally, Jefferies Group LLC upped their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the stock a buy rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $83.48.

Wal-Mart Stores (NYSE WMT) opened at 86.62 on Thursday. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $86.95. The stock has a market cap of $258.75 billion, a price-to-earnings ratio of 20.81 and a beta of 0.29. The firm’s 50-day moving average price is $80.08 and its 200-day moving average price is $77.67.

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

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Wal-Mart Stores announced that its board has approved a stock buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

In other news, Director S Robson Walton sold 2,117,863 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $78.45, for a total value of $166,146,352.35. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at $262,411,798.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 621,500 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Ropes Wealth Advisors LLC grew its position in shares of Wal-Mart Stores by 4.6% in the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after purchasing an additional 1,039 shares in the last quarter. Security National Bank of SO Dak grew its position in shares of Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock valued at $1,103,000 after purchasing an additional 386 shares in the last quarter. First Personal Financial Services grew its position in shares of Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock valued at $5,242,000 after purchasing an additional 3,434 shares in the last quarter. Berkshire Asset Management LLC PA grew its position in shares of Wal-Mart Stores by 1.5% in the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock valued at $10,500,000 after purchasing an additional 1,994 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after purchasing an additional 31,436 shares in the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

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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