Whole Foods Market Receives Average Recommendation of “Hold” from Brokerages (NYSE:WFM)
Whole Foods Market (NYSE:WFM) has earned a consensus rating of “Hold” from the twenty-eight ratings firms that are currently covering the stock, Stock Ratings Network reports. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.52.
Whole Foods Market (NYSE:WFM) traded down 0.01% during mid-day trading on Friday, hitting $39.1801. 861,352 shares of the company’s stock traded hands. Whole Foods Market has a 1-year low of $36.08 and a 1-year high of $65.59. The stock’s 50-day moving average is $37.89 and its 200-day moving average is $44.3. The company has a market cap of $14.154 billion and a P/E ratio of 25.61. Whole Foods Market also was the recipient of unusually large options trading activity on Wednesday. Traders purchased 26,968 call options on the stock. This represents an increase of approximately 116% compared to the typical volume of 12,512 call options.
Whole Foods Market (NYSE:WFM) last posted its quarterly 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue 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.
In other Whole Foods Market news, Insider Mark T. Dixon sold 6,926 shares of the stock in a transaction that occurred on 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.
A number of analysts have recently weighed in on WFM shares. 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.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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