Walmart Inc. engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, which includes dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; and health and wellness products covering pharmacy, over-the-counter drugs and other medical products, and optical and hearing services. It also provides gasoline stations and tobacco; home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, and check cashing and bill payment, as well as various types of installment lending. It operates approximately 10,500 stores and various e-commerce websites under 46 banners in 24 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. The company was founded in 1945 and is based in Bentonville, Arkansas.
Walmart Stock Up 0.5 %
WMT Stock opened at $129.82 on Friday. Walmart has a twelve month low of $117.27 and a twelve month high of $160.77. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The firm has a market cap of $355.86 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 4.12 and a beta of 0.53. The business has a 50 day moving average of $125.39 and a 200 day moving average of $136.77.
Walmart (NYSE:WMT - Get Rating) last posted its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.18). The business had revenue of $141.60 billion during the quarter, compared to the consensus estimate of $138.05 billion. Walmart had a return on equity of 19.05% and a net margin of 2.26%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 EPS. On average, research analysts forecast that Walmart will post 5.68 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on WMT shares. Evercore ISI decreased their target price on Walmart from $135.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, July 26th. JPMorgan Chase & Co. set a $128.00 target price on Walmart in a research note on Tuesday, July 26th. Piper Sandler assumed coverage on Walmart in a report on Wednesday, August 3rd. They issued a "neutral" rating and a $135.00 price objective for the company. Gordon Haskett cut their price objective on Walmart from $140.00 to $135.00 and set a "hold" rating for the company in a report on Wednesday, May 18th. Finally, The Goldman Sachs Group set a $135.00 price objective on Walmart in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.00.
Insiders Place Their Bets
In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $127.05, for a total value of $1,233,401.40. Following the completion of the sale, the chief executive officer now owns 1,507,454 shares of the company's stock, valued at approximately $191,522,030.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 29,124 shares of company stock valued at $3,638,461. Corporate insiders own 47.06% of the company's stock.