Walmart (NASDAQ:WMT) Price Target Cut to $132.00 by Analysts at Citigroup

Walmart (NASDAQ:WMT) had its target price cut by equities researchers at Citigroup from $147.00 to $132.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Citigroup’s price target would suggest a potential upside of 27.82% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft set a $113.00 price target on shares of Walmart in a report on Friday. Truist Financial set a $114.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Friday. Mizuho set a $130.00 target price on Walmart in a research note on Monday, July 27th. Finally, Guggenheim set a $130.00 target price on Walmart and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.91.

Walmart Trading Down 0.5%

WMT traded down $0.57 during trading on Friday, hitting $103.27. The company’s stock had a trading volume of 34,198,788 shares, compared to its average volume of 25,548,258. Walmart has a twelve month low of $95.42 and a twelve month high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $113.69 and its 200-day moving average price is $121.39. The firm has a market capitalization of $821.83 billion, a P/E ratio of 36.24, a PEG ratio of 4.27 and a beta of 0.61.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.62 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Analysts anticipate that Walmart will post 2.88 EPS for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 3,775 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $109.64, for a total transaction of $413,891.00. Following the completion of the sale, the executive vice president directly owned 630,009 shares of the company’s stock, valued at $69,074,186.76. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. This 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 90 days, insiders have sold 54,164 shares of company stock valued at $6,389,402. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Walmart

Hedge funds have recently added to or reduced their stakes in the stock. Entrust Financial LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC bought a new stake in Walmart during the first quarter worth $29,000. Bay Harbor Wealth Management LLC raised its position in Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after buying an additional 105 shares during the last quarter. Sankala Group LLC purchased a new stake in Walmart in the 4th quarter valued at $33,000. Finally, Motiv8 Investments LLC bought a new position in Walmart during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported second-quarter EPS of $0.81 versus the $0.74 consensus, while revenue rose 5.9% year over year to $187.9 billion, ahead of expectations. Global e-commerce sales increased 23%, advertising revenue grew 38%, membership revenue rose 17%, and the gross margin rate improved. Walmart reports revenue growth
• Positive Sentiment: Management raised its fiscal 2027 outlook, helped by digital, advertising and membership growth. Walmart also expects roughly $2.9 billion in tariff refunds and plans to use part of the benefit to lower prices, potentially supporting customer traffic and market share. WMT Q2 earnings call
• Positive Sentiment: BNP Paribas Exane, JPMorgan, UBS, Wells Fargo, RBC, Baird and BTIG maintained bullish ratings. Although their price targets were reduced, the revised targets still imply meaningful upside and indicate that analysts generally view the selloff as an opportunity. Analyst forecasts on Walmart
• Positive Sentiment: Walmart will begin rolling out tap-to-pay at Walmart and Sam’s Club locations, including support for Apple Pay, Google Pay and contactless cards. The convenience upgrade could improve checkout experience and customer engagement. Walmart Tap to Pay rollout
• Neutral Sentiment: Walmart’s electric-vehicle charging network has reached 100 sites across 20 states. The expansion supports Walmart’s broader ecosystem and may increase customer visits, but its near-term financial impact is unclear. Walmart EV charging network
• Negative Sentiment: U.S. comparable sales rose only 2.6%, below analyst expectations near 3.5%, marking Walmart’s weakest U.S. comparable-sales growth in more than six years. Analysts cited weakness in health and wellness, including pharmacy-related demand, as a key top-line pressure.
• Negative Sentiment: Third-quarter guidance was below consensus: EPS of $0.62–$0.64 versus expectations of $0.68, and revenue of $183.1–$184.5 billion versus roughly $188.2 billion. The timing of Flipkart’s promotional event is also expected to reduce third-quarter sales growth by more than 100 basis points. Walmart soft forecast
• Negative Sentiment: The results renewed concerns about a pressured U.S. consumer, as higher gasoline and healthcare costs are prompting shoppers to make trade-offs. Walmart’s plan to lower prices may protect traffic and market share but could weigh on margins if cost pressures persist.

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.