Walmart Strengthens US Store, Online Q1 Growth

FLIPKART

Walmart's US e-commerce growth rebounds in Q1

Baird set a $95.00 price target on Walmart (NYSE:WMT) in a research note released on Thursday, May 10th.

A number of other brokerages also recently issued reports on WMT. Royal Bank of Canada set a $106.00 price objective on Walmart and gave the stock a "neutral" rating in a report on Friday, January 5th. The firm now has a buy rating on the retailer's stock. The company now has a consensus rating of "Buy" and a consensus price target of $100.65. The stock of Walmart Inc. Walmart has a 1-year low of $84.78 and a 1-year high of $85.92.

The company P/E (price to earnings) ratio is 26.9 and Forward P/E ratio is 16.65.

Now the return on equity is 13.00% and its debt to equity is 0.60.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th.

Wal-Mart Stores Inc. (NYSE:WMT) reported its EPS in the last quarter as $1.33/Share lagging the analyst estimate of $1.37/Share by a difference of $-0.04. Excluding currency fluctuations, revenue was up 2.7% to $120.7 billion, the Bentonville, Ark. -based company said Thursday. Butensky And Cohen Fincl Security Incorporated has 1.99% invested in Walmart Inc. Walmart said the decline reflects a revision in its corporate overhead allocations to operating segments, which meant that prior-year figures were recast for comparison purposes.

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Locked in an intense battle for market leadership against American rival Amazon in India, Flipkart had recently inked an agreement with Walmart.

Walmart Inc., busy making deals overseas, struggled to gain back some momentum in its home market last quarter.

Walmart's gross margin, which has fallen for four consecutive quarters, was down 23 basis points in the quarter ended April 30.

Customer traffic was 0.8-percent higher during the quarter, slower than the 1.5 percent growth during the same period a year ago. Legal & General Group Plc now owns 8,675,274 shares of the retailer's stock valued at $677,941,000 after purchasing an additional 166,538 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Walmart in the fourth quarter valued at approximately $105,000. 897,744 shares of the company were exchanged, compared to its average volume of 10,882,681.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

Wal-Mart Stores Inc. (WMT) now has a Return on Assets (ROA) value of 4.8 Percent. Marc Lore, CEO of Walmart's USA online business, told reporters on a call Thursday it's seeing 10 to 20 percent more growth going to online grocery business. The firm operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com, as well as mobile commerce applications.

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