Wal-Mart Stores (WMT) Receives Outperform Rating from Robert W. Baird

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.

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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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