Robert W. Baird reissued their buy rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research note released on Sunday. The firm currently has a $85.00 price target on the retailer’s stock.

Several other equities research analysts also recently issued reports on WMT. Royal Bank Of Canada set a $76.00 price objective on Wal-Mart Stores and gave the company a sell rating in a report on Friday, August 4th. MKM Partners reiterated a neutral rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Citigroup Inc. boosted their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the company a neutral rating in a report on Tuesday, August 15th. Stephens upgraded Wal-Mart Stores from an equal weight rating to an overweight rating and boosted their price objective for the company from $78.00 to $91.00 in a report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the company a buy rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of Hold and an average target price of $80.25.

Shares of Wal-Mart Stores (NYSE:WMT) opened at 80.38 on Friday. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $81.99. The stock has a market cap of $241.78 billion, a price-to-earnings ratio of 19.31 and a beta of 0.30. The company’s 50-day moving average price is $79.86 and its 200 day moving average price is $76.06.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores will post $4.38 earnings per share for the current year.

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In other Wal-Mart Stores news, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock valued at $628,583,326 over the last ninety days. 51.39% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Johanson Financial Advisors Inc. purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $322,000. Hengehold Capital Management LLC raised its stake in shares of Wal-Mart Stores by 9.7% during the 1st quarter. Hengehold Capital Management LLC now owns 28,640 shares of the retailer’s stock worth $2,064,000 after buying an additional 2,544 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Wal-Mart Stores by 3.4% during the 1st quarter. Rockland Trust Co. now owns 168,207 shares of the retailer’s stock worth $12,124,000 after buying an additional 5,516 shares in the last quarter. Sanders Morris Harris Inc. purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $231,000. Finally, City Holding Co. raised its stake in shares of Wal-Mart Stores by 3.8% during the 1st quarter. City Holding Co. now owns 34,796 shares of the retailer’s stock worth $2,508,000 after buying an additional 1,285 shares in the last quarter. 30.19% of the stock is owned by institutional investors.

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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