Whole Foods Market Inc. (NASDAQ:WFM) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday. They presently have a $30.72 target price on the stock. Vetr‘s price target points to a potential downside of 0.68% from the company’s current price.
A number of other equities research analysts have also weighed in on WFM. Royal Bank Of Canada restated a “buy” rating on shares of Whole Foods Market in a research note on Tuesday, July 12th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $38.00 target price on shares of Whole Foods Market in a research report on Wednesday, July 20th. Jefferies Group reiterated a “hold” rating and issued a $31.00 target price on shares of Whole Foods Market in a research report on Monday, July 25th. Macquarie upgraded Whole Foods Market from a “neutral” rating to an “outperform” rating in a research report on Monday, July 25th. Finally, BMO Capital Markets reiterated an “underperform” rating and issued a $23.00 target price on shares of Whole Foods Market in a research report on Monday, July 25th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Whole Foods Market presently has an average rating of “Hold” and a consensus target price of $30.20.
Shares of Whole Foods Market (NASDAQ:WFM) traded down 0.64% on Monday, reaching $30.93. The company had a trading volume of 2,527,199 shares. Whole Foods Market has a 12 month low of $27.67 and a 12 month high of $35.58. The stock has a 50 day moving average price of $29.39 and a 200-day moving average price of $30.66. The company has a market capitalization of $9848.30 billion, a price-to-earnings ratio of 19.95 and a beta of 0.76.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Whole Foods Market had a return on equity of 15.65% and a net margin of 3.22%. The firm earned $3.50 billion during the quarter, compared to analyst estimates of $26.30 million. During the same quarter last year, the firm earned $0.24 EPS. Whole Foods Market’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts forecast that Whole Foods Market will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Friday, January 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $0.56 dividend on an annualized basis and a yield of 1.81%. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s payout ratio is 34.84%.
In other Whole Foods Market news, insider Jeff Turnas sold 4,400 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shahid M. Hassan sold 7,916 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was 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 owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Whole Foods Market by 31.4% in the third quarter. D.A. Davidson & CO. now owns 115,757 shares of the company’s stock worth $3,280,000 after buying an additional 27,639 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Whole Foods Market during the third quarter worth $210,000. Whalerock Point Partners LLC bought a new stake in shares of Whole Foods Market during the third quarter worth $272,000. Colony Group LLC boosted its stake in shares of Whole Foods Market by 558.4% in the third quarter. Colony Group LLC now owns 57,409 shares of the company’s stock worth $1,628,000 after buying an additional 48,690 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its stake in shares of Whole Foods Market by 129.5% in the third quarter. Quantitative Systematic Strategies LLC now owns 52,067 shares of the company’s stock worth $1,460,000 after buying an additional 29,381 shares in the last quarter. 88.56% of the stock is owned by institutional investors.
Whole Foods Market Company Profile
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.