AllAnalyst Report
logoArgusOctober 04, 2021

Walmart Inc.: Reiterating BUY and $175 target

Symbols
WMT
Sector(s)
Consumer Defensive
Rating
Current Price
$137.15
Price Target
Earnings Estimate
Summary

Walmart is the world's largest retailer. In the fiscal year ended January 31, 2021, revenues were $559 billion. The company has three segments: Walmart Stores, which accounted for about 66% of sales; Sam's Club, a membership warehouse chain, which comprised 11% of revenue; and the International segment, which generated 23% of sales. The company, based in Bentonville, Arkansas, ended fiscal 2021 with about 11,400 retail units in 26 countries. Groceries are the largest produce category in the U.S. market, at approximately 56% of sales. Health and Wellness, another stable category, is 11%. U.S. e-commerce sales grew 79% in FY21. The fiscal year ends on January 31 for U.S. and Canadian operations. Other operations generally are consolidated using a one-month lag on a calendar year basis.

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.