Insider Selling: Whole Foods Market Insider Sells 8,928 Shares of Stock (WFM)
Whole Foods Market (NYSE:WFM) Insider Laura A. Derba unloaded 8,928 shares of Whole Foods Market stock on the open market in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $38.21, for a total value of $341,138.88. Following the completion of the sale, the insider now directly owns 4,807 shares of the company’s stock, valued at approximately $183,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Whole Foods Market (NYSE:WFM) traded down 0.79% on Tuesday, hitting $37.46. The stock had a trading volume of 3,303,004 shares. Whole Foods Market has a 52-week low of $37.06 and a 52-week high of $65.59. The stock’s 50-day moving average is $43.51 and its 200-day moving average is $51.49. The company has a market cap of $13.769 billion and a P/E ratio of 25.17.
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 $1.54 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.40.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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