Oppenheimer Holdings, Inc. initiated coverage on shares of Wal-Mart Stores, Inc. (NYSE:WMT) in a research note published on Wednesday, August 2nd. The firm issued an outperform rating and a $90.00 target price on the retailer’s stock. Oppenheimer Holdings also issued estimates for Wal-Mart Stores’ Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.32 EPS, FY2018 earnings at $4.36 EPS, Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.38 EPS, FY2019 earnings at $4.57 EPS and FY2020 earnings at $4.88 EPS.
“fresher than it’s been in years.”Walmart is in the early stages of developing what could prove to be a “model” omni-channel structure, the analyst explained. For instance, the acquisition of Jet.com is just one of many “meaningful step forward” to solidify its status a “proven industry innovator” with many “unique capabilities.” So far, there are early encouraging signs of growth in the online channel as gross merchandise volume accelerated to 69 percent on a year-over-year basis.Meanwhile, Walmart isn’t neglecting its physical stores and has many initiatives ahead to spur growth, including:Online grocery shopping and collect in store.Two-day shipping with a $35 minimum from stores.Home delivery experiments.Also, improving food inflation trends could help boost top-line growth.Finally, the entrance of the Germany-based budget grocery chain Lidl to the U.S. market shouldn’t cause investors to worry. Walmart was able to respond very aggressively to sustain its market position through pricing and merchandising fronts.”In our view, WMT, more than many other leading chains, now recognizes an opportunity to leverage the key attributes that fuel its dominance in physical retail, in the digital world and increasingly go ‘toe to toe’ with eCommerce leaders such as amazon.com,,” the firm’s analyst commented.
WMT has been the topic of several other research reports. Gordon Haskett began coverage on Wal-Mart Stores in a research report on Tuesday, May 9th. They issued a buy rating and a $90.00 price objective on the stock. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the stock a buy rating in a research note on Wednesday, July 26th. Robert W. Baird set a $85.00 target price on Wal-Mart Stores and gave the stock a buy rating in a research note on Wednesday, May 31st. Deutsche Bank AG upped their target price on Wal-Mart Stores from $71.00 to $81.00 and gave the stock a hold rating in a research note on Monday, May 8th. Finally, Vetr downgraded Wal-Mart Stores from a buy rating to a hold rating and set a $79.40 target price for the company. in a research note on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of Hold and an average target price of $79.40.
Shares of Wal-Mart Stores (WMT) opened at 80.40 on Wednesday. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $81.99. The firm’s 50-day moving average is $77.44 and its 200-day moving average is $74.15. The company has a market cap of $242.37 billion, a PE ratio of 18.26 and a beta of 0.29.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Wal-Mart Stores will post $4.36 earnings per share for the current fiscal year.
In related news, major shareholder Jim C. Walton sold 3,278,735 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the sale, the insider now directly owns 10,507,224 shares in the company, valued at $830,070,696. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director S Robson Walton sold 1,321,340 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,006,720 shares of company stock worth $1,816,131,604. Company insiders own 51.39% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Hudock Capital Group LLC increased its stake in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the last quarter. Gemmer Asset Management LLC increased its stake in Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after buying an additional 10 shares during the last quarter. Asset Planning Services Ltd. increased its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares during the last quarter. Finally, Alexandria Capital LLC increased its stake in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the last quarter. Institutional investors own 30.09% of the company’s stock.
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.
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