Wal-Mart's online sales surge, tops 1Q expectations

Wal-Mart's online sales surge, tops 1Q expectations

Wal-Mart's online sales surge, tops 1Q expectations

Wall Street is only getting more bullish on the stock, with 11 of analysts who cover WMT having a buy-equivalent rating. They set a market perform rating and a $71.00 target price for the company.

Several institutional investors have recently made changes to their positions in WMT. Now Wal-Mart Stores, Inc.'s current price is $12.46 shy of the official highest sell-side analyst price target on Wall Street.

He's replaced the clunky handheld bar-code scanners used by employees since 1984, opened training facilities for 200,000 workers, and freed store managers from the backroom to spend more time on the sales floor. Looking at the stock's movement on the chart, Wal-Mart Stores, Inc. recorded a 52-week high of $76.78. RBC Capital Markets maintained Wal-Mart Stores Inc (NYSE:WMT) on Friday, October 7 with "Underperform" rating. In March, it bought the trendy clothing seller ModCloth. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the stock. Walmart wants to have the lowest price on 80 percent of its sales.

Among 32 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 14 have Buy rating, 2 Sell and 16 Hold. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.04. Total revenue was $117.5 billion, up 1.4 percent; excluding currency, total revenue was $118.8 billion, a 2.5 percent rise. During the same quarter in the previous year, the firm earned $0.98 EPS.

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The company generated $5.4 billion in operating cash flow and returned $3.7 billion to shareholders through dividends and share repurchases. The 10-year Treasury yield slipped to 2.21 percent from 2.22 percent late Wednesday. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark legislation. The stock was sold at an average price of $70.50, for a total transaction of $211,500,000.00. Following the completion of the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $754,306,647.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The stock's market capitalization is 235.18B, it has a 52-week low of 65.28 and a 52-week high of 77.66. As per Monday, November 9, the company rating was initiated by Citigroup. Earnings per share at $1.00 was ahead of the $0.96 that analysts had waited for.

WMT has been the topic of a number of other reports.

But Wal-Mart is also trying to improve its physical stores. Bank of America upgraded the stock to "Buy" rating in Wednesday, February 22 report. Shell Asset Management Co. raised its stake in shares of Wal-Mart Stores by 2.3% in the third quarter. "Mad Money" host Jim Crammer said on his show "You might think this comparison sounds insane, even after the excellent quarter Wal-Mart just reported [on Thursday], but when you take a step back, it's pretty clear that these two companies have a lot more in common than you might expect,".

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For the upcoming quarter, Wal-Mart expects comparable sales growth for Wal-Mart U.S.to range between 1.5% to 2.0%, and Sam's Club (ex. fuel) comparable sales to range between 1.0% to 1.5%. It turned negative, as 97 investors sold Wal-Mart Stores Inc shares while 540 reduced holdings. Brighton Jones LLC now owns 5,963 shares of the retailer's stock valued at $430,000 after buying an additional 786 shares during the last quarter.

Is Wal-Mart Stores a threat to Amazon.com Inc?

Walmart signage is displayed outside a company's store in Chicago, Illinois, U.S. November 23, 2016.

Wal-Mart, like other traditional retailers, has played catch-up to Amazon.com and other online companies.

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