Wal-Mart Stores’ (WMT) Outperform Rating Reiterated at Robert W. Baird
Robert W. Baird reissued their outperform rating on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a report issued on Thursday morning, The Fly reports. Robert W. Baird currently has a $100.00 price objective on the retailer’s stock, up from their prior price objective of $95.00.
A number of other equities analysts have also issued reports on the stock. Barclays PLC set a $100.00 price target on shares of Wal-Mart Stores and gave the stock a buy rating in a research report on Monday, November 13th. MKM Partners reissued a neutral rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. Jefferies Group LLC set a $105.00 price target on shares of Wal-Mart Stores and gave the stock a buy rating in a research report on Tuesday, November 14th. Cowen and Company set a $86.00 price target on shares of Wal-Mart Stores and gave the stock a buy rating in a research report on Monday, August 7th. Finally, J P Morgan Chase & Co set a $80.00 price target on shares of Wal-Mart Stores and gave the stock a neutral rating in a research report on Monday, August 14th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $89.87.
Wal-Mart Stores (WMT) traded down $2.15 during trading hours on Thursday, hitting $97.47. 23,570,194 shares of the stock were exchanged, compared to its average volume of 8,657,644. The company has a market cap of $291,162.56, a PE ratio of 22.25, a P/E/G ratio of 3.60 and a beta of 0.34. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores has a twelve month low of $65.28 and a twelve month high of $100.13.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. equities analysts expect that Wal-Mart Stores will post 4.42 earnings per share for the current fiscal year.
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Wal-Mart Stores announced that its board has authorized a stock buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, SVP David Chojnowski sold 684 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were 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 of the company’s stock, valued at $262,411,798.20. The disclosure for this sale can be found here. Insiders sold 9,979,505 shares of company stock valued at $790,977,085 over the last three months. Corporate insiders own 51.39% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Truepoint Inc. raised its stake in shares of Wal-Mart Stores by 6,861.5% during the third quarter. Truepoint Inc. now owns 280,757 shares of the retailer’s stock worth $281,000 after purchasing an additional 276,724 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its stake in shares of Wal-Mart Stores by 28.1% during the third quarter. Smith Shellnut Wilson LLC ADV now owns 7,728 shares of the retailer’s stock worth $604,000 after purchasing an additional 1,696 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of Wal-Mart Stores by 9.1% during the third quarter. Archford Capital Strategies LLC now owns 52,594 shares of the retailer’s stock worth $4,110,000 after purchasing an additional 4,394 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Wal-Mart Stores during the third quarter worth approximately $658,000. Finally, Gyroscope Capital Management Group LLC raised its stake in shares of Wal-Mart Stores by 1,678.6% during the third quarter. Gyroscope Capital Management Group LLC now owns 69,721 shares of the retailer’s stock worth $5,448,000 after purchasing an additional 65,801 shares during the last quarter. Institutional investors and hedge funds own 30.12% 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.
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