Wal-Mart speeds up in-store returns of online purchases

Gladys Abbott
October 10, 2017

The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. Newman Dignan & Sheerar has invested 0.15% in Wal-Mart Stores Inc (NYSE:WMT). Wal-Mart Stores, Inc. (WMT) has an operating margin of 4.40%. Amazon.com Inc. recently partnered with Kohl's so that customers in Los Angeles and Chicago can drop off goods bought through Amazon at Kohl's stores, where employees, pack and ship those items back at no cost. Jane Street Grp Inc Llc has 193,573 shares for 0.05% of their portfolio. 877.29 million shares or 0.13% more from 876.16 million shares in 2017Q1 were reported. Chemung Canal Tru owns 105,723 shares for 1.86% of their portfolio. Inc. raised its position in shares of Wal-Mart Stores by 0.6% in the first quarter. About 13.22M shares traded or 69.05% up from the average. Brown Advisory Secs Lc invested in 12,030 shares. The lowest target is $55 while the high is $93. Also, the number of institutional investors holding Wal Mart Stores Inc in their top 10 holdings increased from 54 to 56 for an increase of 2. Davidson Invest owns 197,276 shares or 2.11% of their U.S. portfolio.

The return is then finished at the store. $868,299 worth of stock was sold by Gearhart Jeffrey J on Wednesday, May 24.

Return of item at Wal-Mart will roughly take five minutes, but according to senior vice president of Wal-Mart Services and Digital Acceleration, the discount retailer is not prepared to drop that to 30 seconds. The stock rose 0.49% or $0.39 reaching $79.39 per share. (WMT) opened at 79.00 on Friday. It has underperformed by 2.87% the S&P500. Financial Advisors Network Inc. now owns 3,561 shares of the retailer's stock valued at $271,000 after buying an additional 46 shares in the last quarter. Has $3.37 Million Holdings in Wal-Mart Stores, Inc.

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Walmart has introduced a new shopping service as part of its mobile app platform meant to let its customers return products purchased online in physical stores at various locations across the United States.

Walmart has also announced that customers returning select items will see an option in the app which will enable them to instantly receive their refund without even having to make a trip to the store to return the item. The firm has "Underperform" rating by RBC Capital Markets given on Friday, August 18. The stock of Wal-Mart Stores Inc (NYSE:WMT) has "Buy" rating given on Tuesday, August 1 by Oppenheimer. Canney Jacqueline P also sold $104,113 worth of Wal-Mart Stores Inc (NYSE:WMT) on Tuesday, May 23. The firm earned "Overweight" rating on Saturday, August 22 by Stephens. On Monday, October 31 the stock rating was upgraded by Goldman Sachs to "Neutral". They set a positive rating and a $80.00 price objective on the stock. On Monday, July 17 the stock rating was maintained by Jefferies with "Buy".

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