Target second-quarter profit, sales beat view as customer traffic rises

Target second-quarter profit, sales beat view as customer traffic rises

More notable recent Wal-Mart Stores Inc (NYSE:WMT) news were published by: Seekingalpha.com which released: "Wal-Mart: Buy After Earnings" on August 13, 2017, also Nasdaq.com with their article: "Wal-Mart Stores, Inc".

The retailer anticipates 2018 adjusted earnings of between $4.30 and $4.40 per share. Eastern Bancorporation has 0.04% invested in Wal-Mart Stores Inc (NYSE:WMT). Contravisory Inv Mgmt Incorporated holds 0% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT) for 50 shares. The stock increased 0.26% or $0.21 during the last trading session, reaching $80.98. First City Capital Management Inc. boosted its position in Wal-Mart Stores by 6.8% in the first quarter. Cemtrex, Inc. has 0 buy ratings, 0 holds and 0 sells even after the stock tumbled -63.73% from its high of $8.41 to a $28.09 million market value through last close.

But investments, along with more aggressive pricing generally, cost money. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. Also, insider David Cheesewright sold 25,729 shares of the company's stock in a transaction that occurred on Wednesday, June 28th. The stock has a market capitalization of $244.11 billion, a price-to-earnings ratio of 18.39 and a beta of 0.29.

Shares of Wal-Mart Stores, Inc. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of US$1.07 per share. (WMT) Ex-Dividend Date Scheduled for August 09, 2017" published on August 08, 2017, Fool.com published: "Wal-Mart Stores Inc: "The Bear Case From a Bull" on August 02, 2017.

Revenue for the three months ended July 31 climbed to $123.36 billion, from $120.85 billion, and online sales surged 60 per cent. That business added 70 basis points to comparable sales. For the current quarter, Wal-Mart forecast earnings per share of 90 cents to 98 cents, compared with the 98 cents that Wall Street was looking for.

A number of equities analysts recently weighed in on the company. Goldman Sachs maintained the shares of WMT in report on Wednesday, April 6 with "Neutral" rating.

COPYRIGHT VIOLATION WARNING: "Wal-Mart Stores' (WMT) Buy Rating Reaffirmed at Cowen and Company" was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. Finally, Royal Bank Of Canada reissued a "sell" rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. Stephens raised Wal-Mart Stores from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $78.00 to $91.00 in a report on Friday. Green Valley Investors Llc sold 38,717 shares as the company's stock rose 13.55% with the market. The company has an average rating of "Hold" and an average price target of $79.83. Another trade for 11,104 shares valued at $868,299 was sold by Gearhart Jeffrey J. Canney Jacqueline P had sold 1,322 shares worth $104,113 on Tuesday, May 23. Following the completion of the transaction, the insider now owns 23,854 shares in the company, valued at $1,878,502.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. WALTON ALICE L had sold 3.67 million shares worth $264.02 million. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85.

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