Shares of Wal-Mart Stores Inc (NYSE WMT) opened at $ 108.39 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt to equity ratio of 0.52. Wal-Mart Stores Inc has a minimum of 52 weeks of $ 65.28 and a maximum of 52 weeks of $ 108.41. The firm has a market capitalization of $ 321,090.00, a price-earnings ratio of 28.83, a price-earnings-growth ratio of 4.18 and a beta of 0.37.
Wal-Mart Stores (NYSE: WMT) last published earnings results on Thursday, November 16. The retailer reported $ 1.00 EPS for the quarter, beating Zacks' consensus estimate of $ 0.97 for $ 0.03. The Wal-Mart stores had a return on equity of 16.92% and a net margin of 2.31%. The business had revenues of $ 122.14 billion for the quarter, compared to analysts' expectations of $ 120.23 billion. During the same quarter of the previous year, the company obtained earnings of $ 0.98 per share. The company's revenues grew by 4.2% compared to the same quarter last year. Equity research analysts predict that Wal-Mart Stores Inc will post 4.44 EPS for the current year.
Wal-Mart Stores stated that its board of directors had initiated a stock repurchase program on Tuesday, October 10, authorizing the company to repurchase $ 20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to buy shares of its shares through purchases in the open market. Stock repurchase programs generally indicate that the company's leadership believes its shares are undervalued.
In other news, the main shareholder Jim C. Walton sold 1,319,133 shares of Wal-Mart Stores in a transaction on Tuesday, December 5. The stock was sold at an average price of $ 97.61, for a total transaction of $ 128,760,572.13. After the sale, the insider now has 11,057,224 shares in the company, valued at $ 1,079,295,634.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC's website. In addition, the knowledgeable Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores in a transaction on Monday, December 11. The stock was sold at an average price of $ 96.99, for a total value of $ 200,284.35. After the sale, the insider now owns 19,060 shares in the company, valued at approximately $ 1,848,629.40. The disclosure of this sale can be found here. Insiders have sold 12,419,588 shares of the company's stock worth $ 1,207,333,538 in the last quarter. Insiders owns 51.39% of the company's shares.
WMT has been the subject of several research analyst reports. The Goldman Sachs Group set a target price of $ 87.00 at Wal-Mart Stores and granted the stock a "buy" rating on a research report on Tuesday, October 3. Robert W. Baird set a target price of $ 90.00 at Wal-Mart Stores and gave the stock a "buy" rating on a research report on Tuesday, October 3. JPMorgan Chase & Co. reformulated a "neutral" rating and set a target price of $ 84.00 (up to $ 80.00) in Wal-Mart Stores shares in a research report on Friday, October 6. Oppenheimer assumed coverage at Wal-Mart Stores in a research note on Tuesday, October 10. They issued a "buy" rating and a price target of $ 90.00 in the stock. Finally, Bank of America set a target price of $ 100.00 at Wal-Mart Stores and awarded the company a "buy" rating on a research note on Tuesday, October 10. Eighteen analysts have rated the stock with a suspension rating, sixteen have issued a purchase rating and one has assigned a strong purchase rating to the company's stock. The stock has an average "Buy" rating and an average target price of $ 99.80.
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About Wal-Mart Stores
Wal-Mart Stores, Inc. is engaged in the operation of retailers, wholesalers and other units in various formats throughout the world. The company operates through three segments: Walmart EE. UU., Walmart International and Sam & # 39; s Club. The US segment of Walmart includes its concept of a mass merchant in the United States that operates under the Walmart or Wal-Mart brands, as well as a digital retailer.
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