Wal-Mart Stores Inc. (NYSE:WMT)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group AG in a report released on Wednesday. They currently have a $80.00 target price on the retailer’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 16.45% from the stock’s previous close.
Several other equities analysts have also recently commented on WMT. Royal Bank Of Canada boosted their target price on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Friday, August 19th. Jefferies Group set a $85.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, August 9th. Bank of America Corp. reaffirmed a “neutral” rating and set a $72.00 price target on shares of Wal-Mart Stores in a report on Saturday, June 25th. Telsey Advisory Group lifted their price target on shares of Wal-Mart Stores from $71.00 to $78.00 and gave the company a “market perform” rating in a report on Friday, August 19th. Finally, Morgan Stanley set a $76.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $75.56.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.95% during trading on Wednesday, reaching $68.70. 12,653,847 shares of the company traded hands. Wal-Mart Stores has a 12-month low of $56.30 and a 12-month high of $75.19. The firm has a market capitalization of $212.51 billion, a price-to-earnings ratio of 14.79 and a beta of 0.20. The company has a 50 day moving average price of $71.77 and a 200 day moving average price of $70.95.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The business earned $120.90 billion during the quarter, compared to analysts’ expectations of $119.33 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores will post $4.34 EPS for the current year.
In related news, major shareholder Jim C. Walton sold 3,502,398 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $73.02, for a total value of $255,745,101.96. Following the sale, the insider now directly owns 10,507,127 shares of the company’s stock, valued at $767,230,413.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $481,646,154.60. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of WMT. Vigilant Capital Management LLC increased its position in Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Wal-Mart Stores during the second quarter valued at approximately $100,000. Americafirst Capital Management LLC acquired a new position in Wal-Mart Stores during the second quarter valued at approximately $106,000. Seven Eight Capital LLC acquired a new position in Wal-Mart Stores during the second quarter valued at approximately $111,000. Finally, Piershale Financial Group Inc. increased its position in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares during the period. 29.55% of the stock is currently owned by hedge funds and other institutional investors.
About Wal-Mart Stores