Earlier this year, Wal-Mart raised its minimum wage to $9 an hour, a move that benefited some 500,000 workers. Wal-Mart’s current market cap stands at $225.62 billion. The company provided earnings per share (EPS) guidance of $0.93-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.08, Marketbeat reports. The 50-day moving average is $72.49 and the 200 day moving average is recorded at $77.88. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Whaley Steven P, officer (Senior Vice President) of Wal Mart Stores Inc, had unloaded 2,400 shares at an average price of $83.28 in a transaction dated on March 5, 2015. The company also warned of increased spending to expand its e-commerce infrastructure, as a part of its efforts to compete with rival Amazon.com Inc, which recently left behind WMT in market value. It was a different story with Wal-Mart, however, as the stock fell by as much as 1.44% after the company’s earnings disappointed. As per the latest information, Barclays Lowers the price target to $73.00 per share from a prior target of $80.00. The business’s revenue for the quarter was up.0% compared to the same quarter a year ago.
Minneapolis-based Target Corp.’s Q2 sales increased 2.8 percent, to $17.4 billion, from $17 billion in the comparable quarter of last year, reflecting a 2.4 percent increase in comparable sales combined with sales from new stores. Given our low uncertainty rating, we believe Wal-Mart’s shares offer a decent margin of safety. The mean target price is $79.95 according to First Call. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. (NYSE:WMT) is $90.97 and the 52-week low is $70.36.
Wal-Mart Stores, Inc.is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company’s operations are conducted in three segments: Walmart U.S., Walmart worldwide and Sam’s Club. The Walmart U.S. section manages retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart worldwide segment consists of operations in 26 countries outside America and comprises numerous formats split into three main types: wholesale, retail and other. The Sam’s Club contains membership- only warehouse clubs and operates in Puerto Rico and in 48 states in the United States, along with retail that is digital.