Trade Report: Today, Credit Suisse Group AG Analysts Give Whole Foods Market Inc. (WFM) a $40.00 Price Target

Today, Credit Suisse Group AG Analysts Give Whole Foods Market Inc. (WFM) a $40.00 Price Target

Whole Foods Market Inc. (NASDAQ:WFM) has been assigned a $40.00 price objective by stock analysts at Credit Suisse Group AG in a report released on Sunday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group AG’s price target points to a potential upside of 29.32% from the company’s current price.

WFM has been the subject of a number of other research reports. Wells Fargo & Co. reissued a “market perform” rating on shares of Whole Foods Market in a report on Thursday, August 4th. RBC Capital Markets set a $37.00 price objective on shares of Whole Foods Market and gave the company a “buy” rating in a report on Thursday, July 28th. Vetr raised shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 price objective for the company in a report on Thursday, July 28th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $38.00 price objective on shares of Whole Foods Market in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Whole Foods Market in a report on Tuesday, July 12th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Whole Foods Market has a consensus rating of “Hold” and a consensus price target of $30.20.

Shares of Whole Foods Market (NASDAQ:WFM) traded down 0.64% during midday trading on Friday, reaching $30.93. 2,527,199 shares of the company were exchanged. The firm has a 50-day moving average of $29.39 and a 200 day moving average of $30.66. The firm has a market capitalization of $9848.30 billion, a P/E ratio of 19.95 and a beta of 0.76. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $35.58.

Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, November 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The business earned $3.50 billion during the quarter, compared to analyst estimates of $26.30 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Whole Foods Market will post $1.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Investors of record on Friday, January 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.81%. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, January 11th. Whole Foods Market’s dividend payout ratio (DPR) is 34.84%.

In other Whole Foods Market news, insider Jeff Turnas sold 4,400 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $30.21, for a total value of $132,924.00. Following the completion of the sale, the insider now owns 6,792 shares of the company’s stock, valued at $205,186.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Shahid M. Hassan sold 7,916 shares of the firm’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 disclosure for this sale can be found here. 1.09% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in Whole Foods Market by 70.3% in the fourth quarter. Nordea Investment Management AB now owns 403,384 shares of the company’s stock valued at $13,513,000 after buying an additional 166,558 shares during the period. Garland Capital Management Inc. increased its position in Whole Foods Market by 2.3% in the fourth quarter. Garland Capital Management Inc. now owns 87,925 shares of the company’s stock valued at $2,945,000 after buying an additional 1,950 shares during the period. Prentiss Smith & Co. Inc. increased its position in Whole Foods Market by 11.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 147,501 shares of the company’s stock valued at $4,941,000 after buying an additional 15,625 shares during the period. Palo Capital Inc. increased its position in Whole Foods Market by 78.5% in the fourth quarter. Palo Capital Inc. now owns 37,975 shares of the company’s stock valued at $1,272,000 after buying an additional 16,695 shares during the period. Finally, Douglas C. Lane & Associates Inc. increased its position in Whole Foods Market by 8.7% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 518,390 shares of the company’s stock valued at $17,366,000 after buying an additional 41,389 shares during the period. 88.56% of the stock is owned by institutional investors.

Whole Foods Market Company Profile

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