5 Best Home Appliance Stocks to Buy

4. Walmart Inc. (NYSE: WMT)

Number of Hedge Fund Holders: 58

Walmart Inc. (NYSE: WMT) is a retail and wholesale company that operates a range of stores in the US. Its stores also offer a wide variety of household appliances to consumers, among other products, and it ranks 4th on our list of the best home appliance stocks to buy.

Morgan Stanley analyst Simeon Gutman has commented on Walmart Inc. (NYSE: WMT) this July, stating that the stock looks “interesting” and has thus maintained his Overweight rating on Walmart Inc. (NYSE: WMT) shares alongside the firm’s $160 price target.

In the fiscal first quarter of 2022, Walmart Inc. (NYSE: WMT) had an EPS of $1.69, beating estimates by $0.48. The company’s revenue was $137.16 billion, up 2.61% year over year and beating estimates by $5.04 billion as well. Walmart Inc. (NYSE: WMT) has a gross profit margin of 25.10% and it has gained 8.32% in the past year.

By the end of the first quarter of 2021, 58 hedge funds out of the 866 tracked by Insider Monkey held stakes in Walmart Inc. (NYSE: WMT). The total value of their stakes was roughly $5.88 billion. This is compared to 70 hedge funds in the previous quarter with a total stake value of approximately $6.19 billion.