Walmart lifts full-year adjusted income per share forecast, but flags consumer spending pressures

Roth/MKM on Walmart (WMT), 'Right Retailer For Uncertain Times'

November 17, 2023 9:49 AM EST

Roth/MKM analyst Bill Kirk reiterated a Buy rating and $179.00 price target on Walmart (NYSE: WMT)

The analyst comments "Walmart is nearing an unprecedented inflection: advertising revenue is about to cross advertising expenses (FY'24 ROTH MKMe $3.6bn ad revenue vs. $4.3bn). This highlights the... More

BofA Positive on Walmart (WMT): 'We see cont'd gross margin expansion for WMT in F4Q'

November 17, 2023 9:34 AM EST

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Walmart (NYSE: WMT)

The analyst comments "We see cont'd gross margin expansion for WMT in F4Q as increasing contributions from higher-margin profit streams (digital advertising, 3P marketplace & fulfillment... More

Walmart (WMT) Peers Trade Lower in Sympathy Trade

November 16, 2023 11:21 AM EST

Walmart (NYSE: WMT) Peers Trade Lower in Sympathy Trade

Walmart falls 7.5% after expressing caution on consumers ahead of holidaysKroger (NYSE: KR) -3.8%Costco (NASDAQ: COST) -2.6%Dollar Tree (NASDAQ: DLTR) -5%Dollar General (NYSE: DG) -3.6%Target (NYSE: TGT) -0.9%
... More

Citi on Walmart (WMT): '3Q results were good'

November 16, 2023 8:34 AM EST

Citi analyst Paul Lejuez reiterated a Buy rating and $180.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT 3Q results were good, but not as great as many were hoping for (expectations were high). EPS beat consensus by $0.03 but the... More

KeyBanc on Walmart (WMT): 'Strong Sales Results - Walmart U.S. and Sam’s Comps Beat'

November 16, 2023 8:27 AM EST

KeyBanc analyst Bradley Thomas reiterated an Overweight rating and $177.00 price target on Walmart (NYSE: WMT)

The analyst comments "Walmart U.S. comps increased 4.9% y/y (or +13.1% on a twoyear stack), above the consensus of +3.4%. U.S. comps growth was driven by 1.5% growth in average ticket and 3.4% growth in transactions (accelerating sequentially from 2.9% in 2Q). Encouragingly, e-Commerce grew 24% y/y (or 40% on a two-year stack), led by strength in pickup & delivery.... More

Walmart (WMT) Defended at RBC Capital: 'LT investment thesis remains intact, so we think shares could be bought'

November 16, 2023 8:24 AM EST

RBC Capital analyst Steven Shemesh reiterated an Outperform rating and $168.00 price target on Walmart (NYSE: WMT)

The analyst comments "WMT delivered against heightened comp expectations (WMT U.S. +4.9% vs. buyside ~4.5%), but missed on EPS ($1.53 vs. buyside ~$1.60 - we note this is still ~$0.01 ahead of Visible Alpha consensus). Gross margin... More

BMO Capital on Walmart (WMT): '3Q Beat, but Not Enough for High Expectations Today'

November 16, 2023 8:23 AM EST

BMO Capital analyst Kelly Bania reiterated an Outperform rating and $180.00 price target on Walmart (NYSE: WMT)

The analyst comments "WMT F3Q24 was a beat and raise but was up against very high investor expectations, and we estimate the magnitude of... More

Goldman Sachs on Walmart (WMT): 'operating income growth acceleration seems delayed'

November 16, 2023 8:21 AM EST

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $182.00 price target on Walmart (NYSE: WMT)

The analyst comments "The stock is currently tracking down about -7% in the pre-market, likely due to the margin miss in 3Q while the acceleration in operating... More

Walmart (WMT) Defended at DA Davidson: 'we continue to like WMT'

November 16, 2023 8:18 AM EST

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $181.92 price target on Walmart (NYSE: WMT)

The analyst comments "Another solid quarter with a bit of a prudent outlook from Walmart. After being one of only two of the 14 Retailing / Broadlines & Hardlines names that we cover... More