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Walmart online sales surge, earnings beat expectations

Walmart online sales surge, earnings beat expectations

Walmart pointed to grocery (which makes up roughly 56% of the sales mix) as a highlight, reporting comps in the low single digits.

"Competition in retail remains acute on all fronts, and we believe Walmart is well-positioned to thrive against all competitors in this environment", said Moody's Lead Retail Analyst Charlie O'Shea. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer's stock worth $160,874,000 after buying an additional 1,158,519 shares during the period. It also just beat out Wall Street's earnings per share estimate of $1.13 for the period. Stifel Nicolaus' target price points to a potential upside of 14.94% from the stock's current price. The retailer also is pushing its online grocery sales, which figure more prominently on the store's homepage, and 800 stores will have delivery this year.

USA first-quarter same-store sales rose 2.1% at the company's supercenter and discount stores, and comparable-store traffic rose 0.8%. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.76. The earnings per share growth over the next five years are expected to be 5.65%. The stock presently has an average rating of Buy and a consensus price target of $98.43. Net profit margin of the company was recorded at 2 percent, operating profit margin was 3.5 percent, while gross profit margin stands at 25.4 percent.

Walmart saw revenue edge up in its fiscal 2019 first quarter, including increased US same-store sales, as the company topped Wall Street's earnings forecast. Geode Capital Management LLC grew its holdings in Walmart by 2.9% during the 4th quarter.

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Wal-Mart Stores Inc. (WMT)'s RSI (Relative strength index) is at 50.81, its ATR (Average True Range) value is 1.62, while its Beta factor was calculated at 0.53.

The company now has an insider ownership of 0.9 Percent and Institutional ownership of 30.7 Percent. (NYSE:WMT). Glenmede Tru Com Na reported 943,487 shares. Thomson Reuters had been forecast revenue to amount to $120.51 but it instead came in at $122.69 billion.

Wal-Mart Stores Inc. (NYSE:WMT) now has a Weekly Volatility of 1.67% percent while its Monthly Volatility is at 1.72% percent. About 29.72M shares traded or 147.92% up from the average. The stock's quarterly performance represents pessimistic momentum of -16.3 percent.

In all, Sam's Club contributed over $13.62 billion to the topline in the USA for Walmart of $77.75 billion. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.


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