Shares of Whole Foods Market Inc. (NASDAQ:WFM) have been assigned an average rating of “Hold” from the thirty-three research firms that are covering the company. Seven analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, five have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $30.49.
Several research analysts recently commented on the company. RBC Capital Markets set a $37.00 price target on Whole Foods Market and gave the stock a “buy” rating in a research report on Thursday, July 28th. Credit Suisse Group AG dropped their price target on Whole Foods Market from $40.00 to $28.07 and set a “focus list” rating for the company in a research report on Thursday, August 4th. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price target on shares of Whole Foods Market in a research report on Wednesday, June 22nd. Finally, Vetr lowered Whole Foods Market from a “hold” rating to a “sell” rating and set a $29.97 price target for the company. in a research report on Monday, August 15th.
In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.09% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new stake in Whole Foods Market during the second quarter valued at approximately $55,297,000. Victory Capital Management Inc. raised its stake in Whole Foods Market by 7,373.9% in the second quarter. Victory Capital Management Inc. now owns 1,464,968 shares of the company’s stock valued at $46,909,000 after buying an additional 1,445,367 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Whole Foods Market by 74.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,504,192 shares of the company’s stock valued at $80,184,000 after buying an additional 1,065,283 shares during the last quarter. PGGM Investments acquired a new stake in Whole Foods Market during the second quarter valued at approximately $31,783,000. Finally, Sustainable Growth Advisers LP raised its stake in Whole Foods Market by 22.0% in the second quarter. Sustainable Growth Advisers LP now owns 4,595,810 shares of the company’s stock valued at $147,158,000 after buying an additional 828,443 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.
Whole Foods Market (NASDAQ:WFM) opened at 28.01 on Tuesday. Whole Foods Market has a 12 month low of $27.67 and a 12 month high of $35.58. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 19.87 and a beta of 0.74. The stock has a 50 day moving average price of $29.61 and a 200 day moving average price of $31.11.
Whole Foods Market (NASDAQ:WFM) last issued its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Whole Foods Market will post $1.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s dividend payout ratio (DPR) is presently 37.76%.
About Whole Foods Market
Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.
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