Tigress Financial Reaffirms “Buy” Rating for Walmart (NASDAQ:WMT)

Walmart (NASDAQ:WMT)‘s stock had its “buy” rating reaffirmed by analysts at Tigress Financial in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $155.00 target price on the retailer’s stock. Tigress Financial’s price target suggests a potential upside of 49.53% from the stock’s current price.

WMT has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on Walmart from $137.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Morgan Stanley reissued an “overweight” rating and issued a $125.00 target price (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Wolfe Research reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a research note on Friday, August 21st. Cantor Fitzgerald raised Walmart to a “buy” rating in a report on Friday, August 21st. Finally, Oppenheimer reissued a “market perform” rating on shares of Walmart in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.88.

Walmart Price Performance

NASDAQ WMT opened at $103.66 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $824.90 billion, a P/E ratio of 37.41, a PEG ratio of 3.92 and a beta of 0.61. The company has a 50-day moving average price of $111.90 and a 200-day moving average price of $120.39. Walmart has a 52 week low of $95.79 and a 52 week high of $135.15.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The business had revenue of $187.94 billion during the quarter, compared to analyst estimates of $186.64 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Walmart’s revenue for the quarter was up 5.9% on a year-over-year basis. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Equities research analysts anticipate that Walmart will post 2.87 earnings per share for the current year.

Insider Activity

In other Walmart news, EVP Daniel Danker sold 50,644 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the completion of the sale, the executive vice president owned 201,672 shares of the company’s stock, valued at $21,246,145.20. This trade represents a 20.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David W. Guggina sold 11,978 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the transaction, the executive vice president owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This trade represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 77,292 shares of company stock worth $8,421,143. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several hedge funds have recently bought and sold shares of WMT. Merkkuri Wealth Advisors LLC bought a new position in Walmart in the 1st quarter worth about $29,000. Entrust Financial LLC purchased a new stake in shares of Walmart during the 4th quarter worth $27,000. Montgomery Financial Services LLC bought a new stake in Walmart during the second quarter valued at about $32,000. Bay Harbor Wealth Management LLC grew its stake in Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. Finally, Sankala Group LLC bought a new position in Walmart in the fourth quarter worth about $33,000. Institutional investors own 26.76% of the company’s stock.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.