Wal-Mart's quarterly same-store sales beat estimates

Solid results for Wal-Mart in the U.S.

By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

WMT has been the topic of a number of other reports. Wal-Mart shares hit a 52-week high Thursday after the release of the retailer's quarterly financial report. Store visits rose 1.5 percent. They set a "market perform" rating and a $71.00 price target on the stock. Investors welcomed strong earnings from Wal-Mart Stores and other retailers. Stifel Nicolaus began coverage on Wal-Mart Stores in a research note on Thursday, January 19th. The rating was upgraded by KeyBanc Capital Markets to "Overweight" on Friday, April 1. The company presently has a consensus rating of Hold and a consensus price target of $76.73.

The counter witnessed a trading volume of 0.29 million shares versus an average volume of 0.77 million shares during last trading session. Wal-Mart Stores has a 52-week low of $65.28 and a 52-week high of $77.66. Wal-Mart Stores, Inc.is now trading 2.99% above its 20-day and 10.95% versus the 200-day simple moving averages while 6.77% compared with its 50-day simple moving average.

EXPECTATIONS EXCEEDED: Autodesk vaulted 14.6 percent after the design software company raised its earnings forecast for the year and reported a loss in its latest quarter that was narrower than analysts were expecting. Adjusted earnings came to $1.21 per share, well above the 91 cents per share that Wall Street had expected according to FactSet. The firm had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. Excluding currency2, total revenue was $118.8 billion, an increase of 2.5%. During the same period in the prior year, the firm earned $0.98 EPS.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark laws. Moreover, Wilbanks Smith And Thomas Asset Mgmt Limited Liability Corp has 0.12% invested in Wal-Mart Stores Inc (NYSE:WMT). The ex-dividend date of this dividend is Wednesday, December 6th.

The world's largest retailer said that sales at established stores rose for the eleventh straight quarter, and customer traffic rose for the tenth quarter in a row. The stock was sold at an average price of $71.79, for a total transaction of $314,105,443.23. Following the completion of the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $754,306,647.33.

Shares of Walmart stock rose about 3 per cent to close at $US77.54. As per Monday, November 9, the company rating was initiated by Citigroup. The stock Jumped 10.89 percent over the past six months.

Foot Locker plunged 16.7 percent after the athletic footwear and apparel retailer's latest quarterly profits fell short of analysts' forecasts.

Several institutional investors have recently bought and sold shares of WMT. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Its quick ratio was 0.60 while current ratio was noted as 1.30 in the most recent quarter. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Inc. now owns 98,401 shares of the retailer's stock worth $7,093,000 after buying an additional 580 shares in the last quarter. Inventory levels in existing stores fell 7.3% in the quarter.

Mean recommendation on this stock is 2.70.

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

Related:

Comments


Other news