7 Retail Stocks to Buy After Strong Quarterly Earnings - 1 of 7

#1 - Walmart (NYSE:WMT)

Perhaps more than other retailers on this list, Walmart is showing that brick-and-mortar still matters. Walmart (NYSE: WMT) has invested in its digital capabilities. But as the economy recovers, there is a role for individuals having physical stores to shop in. That isn’t to say the company is not growing its digital footprint. For the quarter, the company confirmed it is still on track to generate $75 billion in digital sales for the year.

And as many retailers are dealing with supply chain bottlenecks, Walmart is having an opportunity to show why its size matters. The company has been able to navigate around supply chain difficulties and says it is prepared for the third and fourth quarters.

WMT stock is pushing closer to its 52-week high on the tailwind of a strong earnings report delivered August 16. The analyst community has taken note and at least 10 analysts have boosted their price target for the stock with the majority of those being above the consensus estimate.

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

$59.53

Consensus Rating

Moderate Buy

Ratings Breakdown

25 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$61.75 (3.7% Upside)