14 Best 52-Week High Stocks to Buy According to Short Sellers

3. Walmart Inc. (NYSE:WMT)

52 Week Range: $49.85 – $ 76.45

Current Share Price: $76.08

Short interest rate: 0.50%

Number of Hedge Fund Holders: 95

Walmart Inc. (NYSE:WMT) is the world’s largest retail outlet, operating supercenters, supermarkets, hypermarkets, warehouse clubs, and discount stores. It has grown beyond its initial role as a conventional store-based retailer and transformed into a multi-channel entity.

This transformation is highlighted by its strategic mergers and acquisitions, collaborations, delivery initiatives like Walmart + and Express Delivery, and investments in digital e-commerce platforms like Flipkart. These moves enable the company to adapt to the evolving retail landscape and maintain its competitive edge against competitors such as Amazon and Target.

Walmart Inc. (NYSE:WMT) is one of the best 52-week high stocks to buy, according to short sellers on its latest earnings report, impressing Wall Street while affirming underlying growth. Revenues in the quarter came at record highs of $169 billion, up 4.8%, beating estimates of $168 billion. E-commerce sales saw a remarkable 21% growth worldwide, reflecting Walmart’s expanding digital reach. In the end, the company posted earnings of $0.67 a share, above estimates of $0.65.

Looking ahead, the retailer anticipates its third-quarter net sales will grow by between 3.25% and 4.25%, accompanied by an increase in operating income of between 3.0% and 4.5%. For the entire fiscal year 2025, net sales are expected to see a growth range of 3.75% to 4.75%, with an adjusted operating income projected to rise between 6.5% and 8.0%.

Walmart Inc. (NYSE:WMT)’s solid performance in different areas, such as e-commerce and its membership program, underscores its strong business model and optimistic future prospects.

While trading close to its 52-week highs, Walmart trades at a price-to-earnings multiple of 31, slightly above the consumer cyclical average P/E of 24. Nevertheless, it rewards investors with a solid 1.09%, affirming why it is one of the best 52-week high stocks to buy, according to short sellers.

By the end of Q2 2024, 95 hedge funds held stakes in Walmart Inc. (NYSE:WMT), totaling $9.19 billion. As of June 30, Fisher Asset Management was the largest shareholder, with a position valued at $3.08 billion.