Investors Purchase High Volume of Whole Foods Market Call Options (WFM)
Whole Foods Market (NYSE:WFM) was the recipient of unusually large options trading on Wednesday. Stock traders bought 26,968 call options on the stock, Analyst Ratings News reports. This is an increase of 116% compared to the average volume of 12,512 call options.
In other Whole Foods Market news, Insider Mark T. Dixon unloaded 6,926 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $38.03, for a total transaction of $263,395.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Tuesday, August 5th. They now have a $40.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Monday, August 4th. They now have a $40.00 price target on the stock, down previously from $41.00. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of Whole Foods Market in a research note on Friday, August 1st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. Whole Foods Market currently has an average rating of “Hold” and an average target price of $46.82.
Shares of Whole Foods Market (NYSE:WFM) traded up 3.39% on Wednesday, hitting $39.80. The stock had a trading volume of 8,438,823 shares. Whole Foods Market has a 52 week low of $36.08 and a 52 week high of $65.59. The stock has a 50-day moving average of $37.84 and a 200-day moving average of $44.50. The company has a market cap of $14.378 billion and a price-to-earnings ratio of 25.16.
Whole Foods Market (NYSE:WFM) last announced its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Whole Foods Market will post $1.53 EPS for the current fiscal year.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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