Walmart’s (WMT) Buy Rating Reiterated at Jefferies Financial Group

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Walmart (NYSE:WMT)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued to clients and investors on Monday. They presently have a $112.00 price objective on the retailer’s stock. Jefferies Financial Group’s price objective points to a potential upside of 16.67% from the company’s previous close.

WMT has been the topic of several other reports. Telsey Advisory Group raised their price target on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada reduced their price target on Walmart to $168.00 and set a “market perform” rating on the stock in a research report on Thursday, May 10th. Bank of America set a $98.00 price target on Walmart and gave the stock a “buy” rating in a research report on Monday, June 4th. Argus set a $112.00 price target on Walmart and gave the stock a “buy” rating in a research report on Friday. Finally, Credit Suisse Group set a $102.00 price objective on Walmart and gave the stock a “hold” rating in a research report on Tuesday, May 1st. Nineteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Walmart currently has an average rating of “Buy” and an average target price of $100.92.

Shares of NYSE WMT opened at $96.00 on Monday. The stock has a market cap of $289.87 billion, a P/E ratio of 21.72, a PEG ratio of 3.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart has a 1-year low of $77.50 and a 1-year high of $109.98.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. The company had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. equities analysts expect that Walmart will post 4.86 earnings per share for the current year.

In other news, major shareholder Alice L. Walton sold 510,893 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $83.15, for a total value of $42,480,752.95. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $561,144,427. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Chojnowski sold 5,442 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $85.30, for a total value of $464,202.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,792,256 shares of company stock valued at $740,486,626. 51.11% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cypress Capital Group raised its stake in Walmart by 3.1% during the fourth quarter. Cypress Capital Group now owns 47,858 shares of the retailer’s stock valued at $4,726,000 after buying an additional 1,418 shares during the last quarter. JOYN Advisors Inc. purchased a new position in Walmart during the fourth quarter valued at $221,000. Solstein Capital LLC purchased a new position in Walmart during the fourth quarter valued at $1,210,000. Sapphire Star Partners LP purchased a new position in Walmart during the fourth quarter valued at $277,000. Finally, Dynamic Capital Management Ltd purchased a new position in shares of Walmart in the fourth quarter worth $2,242,000. Institutional investors own 29.45% of the company’s stock.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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