Key Stats for Walmart Stock
- Price change for Walmart stock in the last 6 months: -17%
- $WMT Stock Price as of Oct. 1: $104
- 52-Week High: $135
- $WMT Stock Price Target: $127
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
Walmart (WMT) is rolling out three new tools tied to its digital shelf labels. The goal is to help shoppers and store workers find products faster.
The first is Shop to Light. A customer finds an item in the Walmart app, goes to the right aisle, and flashes the shelf label to spot it. The tool has already been flashed 5 million times since it launched in limited stores this summer.
The other two are Pick to Light and Stock to Light. These help associates pick online orders and stock shelves.
All three tools will reach stores companywide by the holiday season, said Greg Cathey, Walmart’s senior vice president of digital transformation.
Walmart uses digital labels so prices can change across stores at once. More than 4,300 stores have them now.
Walmart expects every store to have them by year-end. Prices change overnight, and people review the system to catch mistakes.
There has been pushback. Some worry the labels could lead to surge pricing or data privacy problems.
New Jersey has passed limits on them. In an open letter, CEO John Furner said Walmart will “price the product, not the person.”
See analysts’ growth forecasts and price targets for Walmart stock (It’s free) >>>
What the Market Is Telling Us About Walmart Stock
Walmart does not share financial details on this program. So the direct effect on Walmart stock is hard to measure. Still, the tools fit a clear theme. Walmart wants shopping to be faster and easier.
That theme shows up in the numbers. On the August earnings call, Walmart said global e-commerce sales grew 23%. Sales rose 5% in constant currency.
Walmart U.S. comp sales were up 2.6%. Walmart also raised its full-year EPS guidance to $2.80 to $2.87.
Even so, worries about comparable sales and the revenue outlook weighed on Walmart stock after that report.
Management said a drug pricing rule cut U.S. comp sales by 125 basis points. Higher fuel costs added more than $2 billion in extra expense this year.
Cathey also said the stores and e-commerce are “one and the same.”
That matters because stores handle the last mile for 80% of online orders. For anyone following Walmart stock, tools that save time in stores and in fulfillment support that plan.
Walmart stock may keep moving on comp sales trends and how the rollout goes this holiday season.
Estimate a company’s fair value instantly (Free with TIKR) >>>
So what is Walmart stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what WMT stock could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
