Wal-Mart Stores, Inc. (WMT) Price Target Increased to $97.00 by Analysts at Jefferies Group LLC

Wal-Mart Stores, Inc. (NYSE:WMT) had its price target raised by research analysts at Jefferies Group LLC to $97.00 in a report issued on Wednesday. The brokerage currently has a “buy” rating on the retailer’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 15.30% from the company’s current price.

Several other equities analysts have also recently issued reports on WMT. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $84.00 price objective (up from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. Oppenheimer Holdings, Inc. began coverage on Wal-Mart Stores in a report on Tuesday. They set a “buy” rating and a $90.00 price objective for the company. Finally, BidaskClub raised Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $82.71.

Wal-Mart Stores (NYSE:WMT) opened at 84.13 on Wednesday. The firm has a 50-day moving average price of $79.46 and a 200-day moving average price of $77.32. The firm has a market capitalization of $251.31 billion, a P/E ratio of 20.21 and a beta of 0.29. Wal-Mart Stores has a one year low of $65.28 and a one year high of $84.88.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. Equities analysts anticipate that Wal-Mart Stores will post $4.38 earnings per share for the current year.

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In other news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now owns 21,125 shares of the company’s stock, valued at $1,668,875. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total value of $158,940,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,924,828 shares of company stock valued at $785,676,492. Company insiders own 51.39% of the company’s stock.

Large investors have recently made changes to their positions in the company. Winfield Associates Inc. grew its position in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the period. TrimTabs Asset Management LLC grew its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after purchasing an additional 45 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC grew its position in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after purchasing an additional 7 shares during the period. 30.19% of the stock is owned by institutional investors and hedge funds.

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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