Walmart is a Stock to Watch in the Holiday Quarter

Walmart Inc. Walmart Inc. (NYSE: WMT) is an American wholesale and retail company with a global presence.

Walmart is aggressively challenging Amazon in the eCommerce space. It launched Walmart+ earlier this year, a direct competitor to Amazon Prime. For a $98 yearly membership fee, customers can enjoy free delivery on orders of $35 and up. Additional perks include in-store and fuel discounts.

The company has offloaded some of its underperforming divisions. Most recently, it has agreed to sell its Asda grocery chain in the United Kingdom for $8.8 billion. By focusing on the most profitable markets, Walmart can become leaner and more attractive to investors.

In its most recent earnings report, Walmart’s revenue was up 5.6% year over year and operating income was up 8.5% when adjusted for currency fluctuations. The company has adapted to the Coronavirus Pandemic and is ready to serve customers with pickup and delivery options in areas where restrictions are in effect.

There’s an upside predicted on this stock with an average target price of $147.55. With a dividend yield of 1.48%, it’s also a viable income pick. This is a top retail stock to watch in the holiday quarter.

Key Data:

  • 1 Year Price Growth: -22.45%
  • YTD Price Growth: -23.05%
  • 3 Month Price Growth: -10.78%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

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