Whole Foods Market Inc. (NASDAQ:WFM) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 32,466,953 shares, a decrease of 8.5% from the October 31st total of 35,493,890 shares. Approximately 10.3% of the company’s shares are sold short. Based on an average daily trading volume, of 8,335,186 shares, the days-to-cover ratio is currently 3.9 days.
Whole Foods Market (NASDAQ:WFM) opened at 30.93 on Monday. The company has a 50-day moving average of $29.39 and a 200-day moving average of $30.66. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $35.58. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 19.95 and a beta of 0.76.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly 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 company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $26.30 million. During the same period last year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts anticipate that Whole Foods Market will post $1.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be given a $0.14 dividend. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, January 11th. Whole Foods Market’s dividend payout ratio (DPR) is presently 34.84%.
WFM has been the subject of a number of research reports. Credit Suisse Group AG set a $40.00 price target on Whole Foods Market and gave the company a “buy” rating in a report on Wednesday, August 3rd. Vetr upgraded Whole Foods Market from a “hold” rating to a “buy” rating and set a $31.97 price target for the company in a report on Monday, August 29th. Barclays PLC initiated coverage on Whole Foods Market in a report on Thursday, September 22nd. They issued an “equal weight” rating and a $30.00 price target for the company. Finally, Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.20.
In other news, insider Jeff Turnas sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $30.21, for a total transaction of $132,924.00. Following the transaction, the insider now owns 6,792 shares of the company’s stock, valued at $205,186.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Shahid M. Hassan sold 7,916 shares of the company’s stock in a transaction that occurred 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. Insiders own 1.09% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WFM. Seven Bridges Advisors LLC increased its position in Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock worth $110,000 after buying an additional 515 shares during the last quarter. M&R Capital Management Inc. acquired a new position in Whole Foods Market during the second quarter worth about $115,000. Global X Management Co. LLC increased its position in Whole Foods Market by 2,392.3% in the second quarter. Global X Management Co. LLC now owns 3,888 shares of the company’s stock worth $124,000 after buying an additional 3,732 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Whole Foods Market during the second quarter worth about $144,000. Finally, Mizuho Asset Management Co. Ltd. increased its position in Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock worth $148,000 after buying an additional 2,361 shares during the last quarter. Institutional investors own 88.56% of the company’s stock.
Whole Foods Market Company Profile