Wal-Mart Q2 Profit Down, Adj. EPS Tops Estimates On Higher Comps

'Green shoots' emerge as Target pulls out of yearlong sales slump

Wal-Mart also is facing a renewed threat from longtime brick-and-mortar rival Target Corp. The firm has a market cap of $244.11 billion, a price-to-earnings ratio of 18.39 and a beta of 0.29.

Wal-Mart Stores Inc. today posted second-quarter results that topped Wall Street's top- and bottom-line estimates.

Sam's Club comparable sales were up 1.2% vs. 1.4% consensus.

Total revenues rose to US$123.36mln from US$120.85mln the year before, versus market expectations of US$122.71bn. Summit Global Investments now owns 105,312 shares of the retailer's stock worth $7,591,000 after buying an additional 29,893 shares during the last quarter. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

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A number of other research firms have also recently commented on WMT. WALTON JIM C also sold $114.04 million worth of Wal-Mart Stores Inc (NYSE:WMT) shares. On Monday, August 22 the stock rating was maintained by BMO Capital Markets with "Underperform".

"I think one of the things I'm most excited about is that we continued to bring together what we are doing in the stores with what we are doing online", Wal-Mart CFO Brett Biggs told CNBC.

One analyst said the report was not over the top, but solid. The stock now has a consensus rating of "Hold" and a consensus target price of $79.83. Another trade for 1,322 shares valued at $104,113 was sold by Canney Jacqueline P. Chojnowski David had sold 5,142 shares worth $408,070. 15 told the investors of the company to "Hold" stock. The company's 50-day moving average is $77.90 and its 200-day moving average is $74.51. The disclosure for this sale can be found here. The stock of Wal-Mart Stores Inc (NYSE:WMT) has "Neutral" rating given on Friday, May 20 by Citigroup. (WMT) Ex-Dividend Date Scheduled for August 09, 2017" published on August 08, 2017 as well as Seekingalpha.com's news article titled: "Wal-Mart: "Buy After Earnings" with publication date: "August 13, 2017. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of worldwide trademark and copyright legislation. Wal-Mart Stores, Inc. It fall, as 97 investors sold WMT shares while 540 reduced holdings. One weakness, at least in the second quarter, is that profit margins have fallen a little. The stock of Wal-Mart Stores Inc (NYSE:WMT) earned "Buy" rating by Robert W. Baird on Wednesday, May 31. Finally, Arcadia Investment Management Corp MI boosted its position in Wal-Mart Stores by 7.2% in the first quarter. Janus Henderson Group PLC now owns 830,566 shares of the retailer's stock valued at $62,856,000 after buying an additional 620,113 shares in the last quarter. $264.02M worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by WALTON ALICE L on Friday, February 24. The Elk Creek Partners Llc holds 2.80 million shares with $16.02 million value, up from 2.18M last quarter. The stock of Wal-Mart Stores Inc (NYSE:WMT) has "Hold" rating given on Sunday, June 4 by Wells Fargo. Raymond James Financial Services Advisors Inc. now owns 632,049 shares of the retailer's stock valued at $47,834,000 after buying an additional 63,575 shares in the last quarter. The Illinois-based Perritt Capital Management Inc has invested 0.12% in the stock. Moreover, Vigilant Capital Management Ltd Liability Co has 0.02% invested in Wal-Mart Stores Inc (NYSE:WMT) for 1,370 shares. Walmart U.S.net sales in the quarter rose 60% and GMV grew 67%, thanks in part to an expanded assortment of more than 67 million SKUs.

E-commerce growth at Walmart U.S. remained strong, led by organic growth through Walmart.com.

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