Whole Foods Market Given Average Recommendation of “Hold” by Brokerages (NYSE:WFM)
Whole Foods Market (NYSE:WFM) has earned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are presently covering the company, Analyst Ratings Net reports. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $50.18.
A number of research firms have recently commented on WFM. Analysts at Citigroup Inc. initiated coverage on shares of Whole Foods Market in a research note on Thursday, June 5th. They set an “outperform” rating and a $48.00 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Whole Foods Market in a research note on Wednesday, June 4th. They set an “outperform” rating and a $48.00 price target on the stock.
Shares of Whole Foods Market (NYSE:WFM) traded up 0.85% on Tuesday, hitting $41.49. The stock had a trading volume of 1,044,694 shares. Whole Foods Market has a 52-week low of $37.02 and a 52-week high of $65.59. The stock has a 50-day moving average of $42.36 and a 200-day moving average of $50.90. The company has a market cap of $15.251 billion and a price-to-earnings ratio of 27.43.
Whole Foods Market (NYSE:WFM) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.76 earnings per share. Whole Foods Market’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Whole Foods Market will post $1.53 earnings per share for the current fiscal year.
In other Whole Foods Market news, Director John Elstrott bought 2,645 shares of the stock in a transaction dated Monday, June 2nd. The shares were purchased at an average cost of $37.79 per share, with a total value of $99,954.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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