Bank of America: Walmart’s Strategy is Working

BofA/ML’s Robert Ohmes says Wal-Mart’s (NYSE:WMT) old-fashioned sales strategy – including its “aggressive re-emphasis on Everyday Low Prices” – is doing the trick. The company’s market share is growing this holiday season, and its multi-channel expansion is successful as well: the #4 searched item on Google the day after Thanksgiving this year was “Wal-Mart Black Friday.”

Here’s how big box retailers (NYSEARCA:XRT) are trading today:

Wal-Mart Stores Inc. (NYSE:WMT): WMT shares recently traded at $59.38, up $0.19, or 0.32%. They have traded in a 52-week range of $48.31 to $59.40. Volume today was 5,539,065 shares versus a 3-month average volume of 11,617,900 shares. The company’s trailing P/E is 12.57, while trailing earnings are $4.72 per share. Get the most recent company news and stock data here >>

Target Corp. (NYSE:TGT): TGT shares recently traded at $51.86, up $0.08, or 0.15%. They have traded in a 52-week range of $45.28 to $60.97. Volume today was 3,734,656 shares versus a 3-month average volume of 6,353,330 shares. The company’s trailing P/E is 12.07, while trailing earnings are $4.30 per share. Get the most recent company news and stock data here >>

Big Lots Inc. (NYSE:BIG): BIG shares recently traded at $37.86, down $0.24, or 0.63%. They have traded in a 52-week range of $28.89 to $44.44. Volume today was 362,036 shares versus a 3-month average volume of 1,450,060 shares. The company’s trailing P/E is 13.44, while trailing earnings are $2.82 per share. Get the most recent company news and stock data here >>

Costco Wholesale Corporation (NASDAQ:COST): COST shares recently traded at $83.54, down $0.1, or 0.12%. They have traded in a 52-week range of $69.54 to $88.68. Volume today was 1,528,592 shares versus a 3-month average volume of 2,667,860 shares. The company’s trailing P/E is 25.15, while trailing earnings are $3.32 per share. Get the most recent company news and stock data here >>