Goldman Sachs Group Analysts Give Wal-Mart Stores (WMT) a $115.00 Price Target

Goldman Sachs Group set a $115.00 price objective on Wal-Mart Stores (NYSE:WMT) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the retailer’s stock.

A number of other analysts have also issued reports on the company. Citigroup raised Wal-Mart Stores from a neutral rating to a buy rating and lifted their target price for the stock from $106.00 to $117.00 in a research report on Tuesday, December 19th. Wells Fargo & Co set a $101.00 target price on Wal-Mart Stores and gave the stock a neutral rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded Wal-Mart Stores from a hold rating to a buy rating and set a $88.00 price target for the company in a research note on Thursday, October 12th. Wolfe Research upgraded Wal-Mart Stores from an underperform rating to a market perform rating in a research note on Wednesday, December 20th. Finally, Bank of America set a $100.00 price target on Wal-Mart Stores and gave the stock a buy rating in a research note on Tuesday, October 10th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $99.44.

Shares of Wal-Mart Stores (NYSE:WMT) traded up $0.16 during midday trading on Tuesday, hitting $104.46. The stock had a trading volume of 5,520,000 shares, compared to its average volume of 8,280,000. Wal-Mart Stores has a twelve month low of $65.28 and a twelve month high of $104.94. The stock has a market capitalization of $309,450.00, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts expect that Wal-Mart Stores will post 4.44 EPS for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores 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 $119,148.00. Following the completion of the transaction, the executive vice president now directly owns 48,757 shares in the company, valued at $4,841,082.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 1,002,210 shares of Wal-Mart Stores stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $96.23, for a total value of $96,442,668.30. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $649,415,853.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Winfield Associates Inc. raised its stake in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares in the last quarter. Hudock Capital Group LLC grew its holdings in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC grew its holdings in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after acquiring an additional 1,058 shares in the last quarter. Institutional investors own 30.58% of the company’s stock.

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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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