Company Update – Wal-Mart Stores Inc. (NYSE:WMT) – Wal-Mart (WMT) Starts Early-Season Discounts Ahead of Holiday Softness

Wal-Mart Stores Inc. (NYSE:WMT) [at TheStreet] – Beginning Friday, Wal-Mart will offer discounts across categories ranging from electronics to apparel. An 8-inch Nextbook tablet, for example, will cost $99 through Wal-Mart. The three suppliers Wal-Mart partnered with will produce footwear, curtains and glassware. “Since Wal-Mart announced its commitment earlier this year to buy an additional $50 billion in U.S.-made products over the next 10 years, manufacturers have committed to investments in the U.S. that will create more than 1,600 jobs,” said Secretary of Commerce Penny Pritzker at an investment summit on Thursday.
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Wal-Mart Stores Inc. (WMT), valued at $248.88B, began trading this morning at $76.97.
Today’s price range has been between $76.60 and $76.98 per share with the price of the stock fluctuating between $67.37 to $79.96 over the last 52 weeks.
WMT shares are currently priced at 14.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.12x earnings multiple for the same period.
And for income investors, the company pays shareholders $1.88 per share annually in dividends, yielding 2.40%.
Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $1.13 per share, which would be $0.05 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $5.20 which would be a $0.18 improvement than last year’s full-year earnings.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $116.75 Billion. If reported, that would be a 2.48% increase over the year-ago quarter.
Recently, UBS Initiated WMT at Buy (Apr 16, 2013).
Previously, Stifel Nicolaus upgraded WMT from Hold to Buy.
When considering if the stock is under or overvalued, the average price target is $81.77, which is 6.24% above where the stock opened this morning.

Wal-Mart Stores Inc. (NYSE:WMT), operates retail stores worldwide. The company operates in three segments: Walmart U.S., Walmart International and Sam’s Club. It operates retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sam’s Clubs, neighborhood markets.
Tag Helper ~ Stock Code: WMT | Common Company name: Wal-Mart | Full Company name: Wal-Mart Stores Inc. (NYSE:WMT) .

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