#2 - Walmart (NYSE:WMT)
One of the key factors to consider when choosing retail stocks to buy is digital/e-commerce sales. And while Walmart (NYSE:WMT) may not be the first name you think of in terms of e-commerce, it has made significant strides.
It’s not that Walmart will overtake Amazon (NASDAQ:AMZN) anytime soon. But the company is holding its own and delivering an omnichannel experience that is reflecting the reality of the new normal in retail which includes buying online, pick-up at the store (BOPUS), and completing online orders and delivery through its Walmart+ program.
All of these investments has taken a little toll on the company’s balance sheet. For example, free cash flow is down from pre-pandemic levels. However, that should begin to improve. In any event, it’s no threat to the company’s dividend which, although not the best that investors can find, it has increased for the last 49 years. And there’s no reason to believe that streak will end anytime soon.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $59.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 25 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $61.75 (3.1% Upside)
