Wal-Mart Stores, Inc. (WMT) PT Set at $100.00 by Barclays PLC

Wal-Mart Stores, Inc. (NYSE:WMT) has been assigned a $100.00 price target by analysts at Barclays PLC in a report issued on Monday. The brokerage currently has a “buy” rating on the retailer’s stock. Barclays PLC’s target price points to a potential upside of 9.78% from the stock’s current price.

Other analysts have also issued reports about the company. Citigroup Inc. boosted their price objective on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group restated a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a research note on Friday, August 18th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $87.54.

Shares of Wal-Mart Stores (WMT) opened at $91.09 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.18 and a current ratio of 0.78. Wal-Mart Stores has a one year low of $65.28 and a one year high of $91.98. The stock has a market capitalization of $271,805.53, a price-to-earnings ratio of 20.87, a P/E/G ratio of 3.39 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts anticipate that Wal-Mart Stores will post 4.37 earnings per share for the current year.

Wal-Mart Stores declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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In other news, major shareholder Alice L. Walton sold 621,500 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $528,278,842.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the transaction, the insider now directly owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock valued at $785,676,492 in the last three months. Corporate insiders own 51.39% of the company’s stock.

Several large investors have recently made changes to their positions in WMT. Winfield Associates Inc. increased its position 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 buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in 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 buying an additional 45 shares in the last quarter. TrimTabs Asset Management LLC increased its position in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in 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 buying an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC increased its position in 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 buying an additional 7 shares in the last quarter. 30.12% of the stock is owned by hedge funds and other institutional investors.

Wal-Mart Stores Company Profile

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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