Insider Selling: Jeff Turnas Sells 15,392 Shares of Whole Foods Market Stock (WFM)
Whole Foods Market (NYSE:WFM) Insider Jeff Turnas unloaded 15,392 shares of Whole Foods Market stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $39.50, for a total transaction of $607,984.00. Following the completion of the sale, the insider now directly owns 4,785 shares in the company, valued at approximately $189,008. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on WFM. Analysts at Wedbush initiated coverage on shares of Whole Foods Market in a research note on Thursday. They set a “neutral” rating and a $40.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.52.
Whole Foods Market (NYSE:WFM) traded down 0.14% on Friday, hitting $39.13. 3,578,946 shares of the company’s stock traded hands. 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 $37.89 and a 200-day moving average of $44.3. The company has a market cap of $14.136 billion and a price-to-earnings ratio of 25.61. Whole Foods Market also saw some unusual options trading on Wednesday. Stock investors acquired 26,968 call options on the company. This represents an increase of approximately 116% compared to the typical daily volume of 12,512 call options.
Whole Foods Market (NYSE:WFM) last released its earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Whole Foods Market’s revenue was up 10.4% compared to the same quarter last year. 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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