Robert W. Baird reaffirmed their outperform rating on shares of Wal-Mart Stores (NYSE:WMT) in a research note released on Tuesday. They currently have a $105.00 price target on the retailer’s stock, down from their previous price target of $110.00.
Other equities analysts have also issued research reports about the company. Bank of America set a $120.00 target price on Wal-Mart Stores and gave the stock a buy rating in a research report on Tuesday. Telsey Advisory Group decreased their target price on Wal-Mart Stores from $108.00 to $96.00 and set an outperform rating for the company in a research report on Friday, November 17th. Royal Bank of Canada boosted their target price on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an underperform rating in a research report on Friday, November 17th. Moffett Nathanson assumed coverage on Wal-Mart Stores in a research report on Monday, December 4th. They issued a neutral rating for the company. Finally, 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 Tuesday, January 2nd. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of Buy and a consensus target price of $101.26.
Wal-Mart Stores (NYSE:WMT) opened at $94.11 on Tuesday. Wal-Mart Stores has a one year low of $69.33 and a one year high of $109.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The stock has a market cap of $278,790.00, a PE ratio of 25.03, a P/E/G ratio of 3.74 and a beta of 0.42.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.04). Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business had revenue of $135.15 billion during the quarter, compared to analysts’ expectations of $133.63 billion. During the same period last year, the firm posted $1.30 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts expect that Wal-Mart Stores will post 4.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a dividend of $0.52 per share. This is an increase from Wal-Mart Stores’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.21%. Wal-Mart Stores’s payout ratio is 54.26%.
In other Wal-Mart Stores news, Director S Robson Walton sold 1,169,848 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $96.89, for a total value of $113,346,572.72. Following the completion of the transaction, the director now directly owns 3,345,065 shares in the company, valued at approximately $324,103,347.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The disclosure for this sale can be found here. Insiders sold a total of 7,635,405 shares of company stock valued at $742,168,245 over the last 90 days. 51.39% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. bought a new position in Wal-Mart Stores in the 4th quarter worth approximately $105,000. Lenox Wealth Advisors Inc. boosted its position in shares of Wal-Mart Stores by 13,287.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after acquiring an additional 1,063 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Wal-Mart Stores during the 4th quarter valued at approximately $123,000. Cerebellum GP LLC bought a new position in shares of Wal-Mart Stores during the 4th quarter valued at approximately $127,000. Finally, G&S Capital LLC bought a new position in shares of Wal-Mart Stores during the 4th quarter valued at approximately $128,000. Institutional investors and hedge funds own 30.33% of the company’s stock.
WARNING: “Wal-Mart Stores (WMT) Receives Outperform Rating from Robert W. Baird” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/21/wal-mart-stores-wmt-receives-outperform-rating-from-robert-w-baird.html.
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.
Receive News & Ratings for Wal-Mart Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related companies with MarketBeat.com's FREE daily email newsletter.