#2 - Walmart (NYSE:WMT)
Walmart Inc. (NYSE: WMT) may not be the first name you think of when it comes to growth stocks. However, this Dividend King has delivered a split-adjusted total return of more than 315% in the last 10 years. That's approximately 35% better than the total return of the S&P 500 (including dividends) in the same period. Analysts are forecasting EPS growth of approximately 18% in the next three years.
Walmart is a retail category leader that has a history of delivering consistent results no matter the state of the economy. Further, the company’s revenue and earnings growth showcase its ability to capture both the dollar store customer as well as the premium shopper looking for deals.
And Walmart is not resting on its considerable laurels. Through initiatives like its Walmart+ service, the company is a dominant player in e-commerce and is even beginning to encroach on markets that were once safely in the domain of Amazon.com Inc. (NASDAQ: AMZN).
WMT stock is still forecast to have a forward P/E above 30x in the next few years. However, the company continues to offer value for its shareholders, which is likely to support the premium valuation.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $94.98
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $92.40 (2.7% Downside)
