Jefferies Group LLC set a $105.00 price objective on Wal-Mart Stores, Inc. (NYSE:WMT) in a research note issued to investors on Tuesday morning. The brokerage currently has a buy rating on the retailer’s stock. Jefferies Group also issued estimates for Wal-Mart Stores’ Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $4.80 EPS.
Several other equities analysts have also recently weighed in on WMT. Barclays PLC set a $100.00 price target on Wal-Mart Stores and gave the company a buy rating in a research report on Monday, November 13th. MKM Partners reiterated a neutral rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. Cowen and Company set a $86.00 price target on Wal-Mart Stores and gave the company a buy rating in a research report on Monday, August 7th. J P Morgan Chase & Co set a $80.00 price target on Wal-Mart Stores and gave the company a neutral rating in a research report on Monday, August 14th. Finally, BidaskClub upgraded Wal-Mart Stores from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of Hold and an average target price of $89.87.
Wal-Mart Stores (NYSE:WMT) opened at $97.47 on Tuesday. The firm has a market capitalization of $297,590.00, a price-to-earnings ratio of 20.89, a PEG ratio of 3.40 and a beta of 0.34. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $100.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 16.87% and a net margin of 2.60%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. analysts anticipate that Wal-Mart Stores will post 4.38 EPS for the current year.
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Wal-Mart Stores declared that its board has authorized a share repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director now owns 3,344,956 shares in the company, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,979,505 shares of company stock worth $790,977,085 in the last quarter. Company insiders own 51.39% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Ropes Wealth Advisors LLC grew its holdings in shares of Wal-Mart Stores by 4.6% during the 1st quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after acquiring an additional 1,039 shares during the period. Security National Bank of SO Dak grew its holdings in shares of Wal-Mart Stores by 2.6% during the 1st quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after acquiring an additional 386 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in shares of Wal-Mart Stores by 2.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after acquiring an additional 200 shares during the period. First Personal Financial Services grew its holdings in shares of Wal-Mart Stores by 5.0% during the 1st quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after acquiring an additional 3,434 shares during the period. Finally, State of Wisconsin Investment Board grew its holdings in shares of Wal-Mart Stores by 23.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after acquiring an additional 393,180 shares during the period. Hedge funds and other institutional investors 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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