Weak profit guidance clips Wal-Mart

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TrimTabs Asset Management LLC now owns 1,476 shares of the retailer's stock valued at $106,000 after buying an additional 696 shares in the last quarter. Foot traffic rose 1.3% as Wal-Mart's efforts to lower some prices and improve stores continued to pay off.

Target reported adjusted earnings of $1.23 a share compared with a forecast profit of $1.19 per share, which is now up 14.2 year over year. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer's stock valued at $106,000 after buying an additional 696 shares during the period. Wal-Mart noted this was the 12 consecutive quarter of year-on-year LFL sales growth in the US. Inc. boosted its position in shares of Wal-Mart Stores by 456.9% in the second quarter. 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. Morgan Stanley maintained Wal-Mart Stores Inc (NYSE:WMT) on Thursday, May 19 with "Equal-Weight" rating. The stock decreased 0.57% or $0.05 during the last trading session, reaching $8.75. The firm has a 50 day moving average of $77.90 and a 200 day moving average of $74.51. 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.

Among 34 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 1 Sell and 16 Hold. The retailer reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. Altavista Wealth Mgmt Inc invested 2.21% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT).

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Total revenues rose to US$123.36mln from US$120.85mln the year before, versus market expectations of US$122.71bn. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Target's net profit in the second quarter dropped 1.2 percent to $672 million, down from $680 million in the same quarter a year ago. Finally, Morningstar, Inc. reiterated a "neutral" rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. MKM Partners restated a "neutral" rating and set a $77.00 price objective (up previously from $72.00) on shares of Wal-Mart Stores in a report on Wednesday, April 26th. The correct version of this article can be read at https://theolympiareport.com/2017/08/17/wal-mart-stores-wmt-buy-rating-reaffirmed-at-cowen-and-company.html. Stephens raised Wal-Mart Stores from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $78.00 to $91.00 in a report on Friday.

Target is spending $7 billion in three years to remodel old stores, open small ones in cities and college towns and offer faster delivery for online orders.

The company's consensus rating on Reuter's scale remained unchanged from 2 to 2 during a month. Also, Director S Robson Walton sold 1,618,300 shares of the stock in a transaction dated Monday, June 5th. Following the completion of the sale, the insider now directly owns 10,507,224 shares of the company's stock, valued at $830,070,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85.

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