Whole Foods Market, Inc. (NASDAQ:WFM)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays PLC in a research note issued on Monday.
Several other brokerages have also issued reports on WFM. Vetr upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating and set a $29.97 price target for the company in a research note on Tuesday, November 29th. Royal Bank of Canada restated an “outperform” rating and set a $37.00 price target on shares of Whole Foods Market in a research note on Friday, February 3rd. Morgan Stanley restated an “equal weight” rating and set a $29.00 price target (down previously from $32.00) on shares of Whole Foods Market in a research note on Thursday, February 9th. Telsey Advisory Group decreased their price target on shares of Whole Foods Market from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Thursday, February 9th. Finally, Guggenheim restated a “neutral” rating on shares of Whole Foods Market in a research note on Thursday, February 9th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Whole Foods Market has a consensus rating of “Hold” and an average price target of $29.32.
Shares of Whole Foods Market (NASDAQ:WFM) opened at 28.93 on Monday. Whole Foods Market has a 1-year low of $27.67 and a 1-year high of $35.58. The firm’s 50-day moving average price is $29.96 and its 200 day moving average price is $29.93. The company has a market capitalization of $9.22 billion, a PE ratio of 20.89 and a beta of 0.75.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Whole Foods Market had a net margin of 2.81% and a return on equity of 14.57%. The company earned $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $0.46 EPS. Whole Foods Market’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts predict that Whole Foods Market will post $1.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Friday, April 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, April 5th. Whole Foods Market’s payout ratio is 40.29%.
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In other news, insider Christina Minardi sold 2,061 shares of Whole Foods Market stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $29.30, for a total transaction of $60,387.30. Following the completion of the sale, the insider now directly owns 1,461 shares of the company’s stock, valued at approximately $42,807.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Elstrott sold 4,500 shares of Whole Foods Market stock in a transaction on Friday, February 10th. The stock was sold at an average price of $30.42, for a total transaction of $136,890.00. Following the sale, the director now directly owns 66,109 shares of the company’s stock, valued at $2,011,035.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,006 shares of company stock valued at $796,182. Insiders own 1.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of WFM. SRB Corp increased its stake in Whole Foods Market by 12.3% in the third quarter. SRB Corp now owns 5,033 shares of the company’s stock worth $143,000 after buying an additional 552 shares in the last quarter. Seven Bridges Advisors LLC increased its stake in Whole Foods Market by 55.4% in the third quarter. Seven Bridges Advisors LLC now owns 5,331 shares of the company’s stock worth $151,000 after buying an additional 1,900 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Whole Foods Market during the fourth quarter worth about $163,000. Synovus Financial Corp increased its stake in Whole Foods Market by 41.0% in the third quarter. Synovus Financial Corp now owns 6,895 shares of the company’s stock worth $195,000 after buying an additional 2,005 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Whole Foods Market during the third quarter worth about $196,000. 85.46% of the stock is owned by institutional investors.
Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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