CFRA's Joseph Agnese reiterated a Buy rating and a $109 price target on the shares, writing that despite the weather impact, he's encouraged by management commentary that sales are picking up with warmer temperatures. (NYSE:WMT). Franklin Resources accumulated 3.73M shares or 0.18% of the stock.
WMT has been the topic of several other reports. We're transforming to better serve customers.
Walmart pointed to grocery (which makes up roughly 56% of the sales mix) as a highlight, reporting comps in the low single digits.
According to Finviz reported data, The SMA20 of the stock is at -0.01 percent, SMA50 is -0.82 percent, while SMA200 is -3.99 percent. Gordon Haskett cut Walmart from a "buy" rating to an "accumulate" rating and set a $90.00 price objective on the stock.in a research note on Thursday. The consensus 12-month price target was $105.40 before the results were announced and the high target is $126.00. The stock traded within a range of $84.74 and $86.63. The stock has a market capitalization of $250.38 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.
Liquidity ratios help investors to determine a company's ability to pay off its debts.
Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 20th.
While Wall Street had been expecting earnings per share to come in at $1.12, the actual figure was $1.14. Euclidean Technology Limited Liability Company reported 16,712 shares or 1.62% of all its holdings. Ameriprise Financial Inc. grew its holdings in Walmart by 0.5% during the 3rd quarter.
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U.S. retail giant Walmart saw quarterly profits take a hit but earnings beat analysts' expectations and total sales rose amid the growth of its online business, the company said Thursday.
Adjusted to take into account an unrealized loss on investment in JD.com in China based on new accounting principles and a benefit from tax reform legislation, first quarter earnings per share were $1.14, which topped a MarketBeat-published analyst average estimate by two cents.
USA first-quarter same-store sales rose 2.1% at the company's supercenter and discount stores, and comparable-store traffic rose 0.8%.
The retailer's transportation costs were also higher in the quarter. Dimensional Fund Advisors LP boosted its position in shares of Walmart by 1.5% during the 3rd quarter.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. While it's Return on Investment (ROI) value is 10%.
In his comments on USA results, McMillon noted that some of Walmart's recent initiatives are bearing fruit. Fisher Asset Management LLC now owns 9,191,169 shares of the retailer's stock valued at $817,738,000 after purchasing an additional 484,188 shares during the last quarter. The stock fell -5.34 percent over the past six months. Same-store sales in the company's Sam's Club stores were up 3.8% excluding fuel and up 5.3% including fuel sales.