Insider Selling: Omar Gaye Sells 2,042 Shares of Whole Foods Market Stock (WFM)
Whole Foods Market (NYSE:WFM) Insider Omar Gaye unloaded 2,042 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $38.08, for a total transaction of $77,759.36. Following the sale, the insider now directly owns 4,785 shares in the company, valued at approximately $182,213. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Whole Foods Market (NYSE:WFM) traded up 0.66% during mid-day trading on Thursday, hitting $38.10. The stock had a trading volume of 4,598,196 shares. Whole Foods Market has a 52-week low of $37.06 and a 52-week high of $65.59. The stock has a 50-day moving average of $44.19 and a 200-day moving average of $51.90. The company has a market cap of $14.005 billion and a P/E ratio of 25.23.
Whole Foods Market (NYSE:WFM) last announced its earnings results on Tuesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.03. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Whole Foods Market will post $1.53 EPS for the current fiscal year.
A number of analysts have recently weighed in on WFM shares. Analysts at Ned Davis Research upgraded shares of Whole Foods Market from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Zacks upgraded shares of Whole Foods Market from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $41.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Whole Foods Market in a research note on Wednesday, May 7th. They now have a $48.00 price target on the stock, down previously from $57.00. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.40.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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