Wal-Mart Stores Inc. (WMT) Given a $72.00 Price Target at Goldman Sachs Group Inc.
Wal-Mart Stores Inc. (NYSE:WMT) has been assigned a $72.00 price objective by analysts at Goldman Sachs Group Inc. in a note issued to investors on Tuesday. The firm presently has a a “neutral” rating on the retailer’s stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 5.91% from the company’s current price.
A number of other equities research analysts have also weighed in on WMT. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 target price on the stock in a report on Monday, June 13th. Nomura restated a “buy” rating and issued a $81.00 target price on shares of Wal-Mart Stores in a report on Thursday, June 23rd. Credit Suisse Group AG restated a “hold” rating on shares of Wal-Mart Stores in a report on Wednesday, June 22nd. Bank of America Corp. restated a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a report on Saturday, June 25th. Finally, Jefferies Group restated a “buy” rating on shares of Wal-Mart Stores in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $75.26.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 67.98 on Tuesday. Wal-Mart Stores has a 12 month low of $56.30 and a 12 month high of $75.19. The firm’s 50-day moving average is $71.63 and its 200 day moving average is $70.99. The firm has a market capitalization of $210.28 billion, a P/E ratio of 14.64 and a beta of 0.20.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The firm had revenue of $120.90 billion for the quarter, compared to analyst estimates of $119.33 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that Wal-Mart Stores will post $4.34 EPS for the current year.
In other news, major shareholder Jim C. Walton sold 3,502,398 shares of Wal-Mart Stores stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the sale, the insider now owns 10,507,127 shares of the company’s stock, valued at approximately $767,230,413.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of Wal-Mart Stores stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $481,646,154.60. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Vigilant Capital Management LLC raised its stake in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Wal-Mart Stores during the second quarter worth about $100,000. Americafirst Capital Management LLC acquired a new position in shares of Wal-Mart Stores during the second quarter worth about $106,000. Seven Eight Capital LLC acquired a new position in shares of Wal-Mart Stores during the second quarter worth about $111,000. Finally, Piershale Financial Group Inc. boosted its position in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares during the period. 29.55% of the stock is currently 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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.