Barclays PLC assumed coverage on shares of Whole Foods Market Inc. (NASDAQ:WFM) in a report released on Thursday morning. The firm issued an equal weight rating and a $30.00 target price on the stock.
A number of other equities analysts have also weighed in on the company. RBC Capital Markets set a $37.00 target price on Whole Foods Market and gave the stock a buy rating in a research note on Thursday, July 28th. Credit Suisse Group AG lowered their target price on Whole Foods Market from $40.00 to $28.07 and set a focus list rating on the stock in a research note on Thursday, August 4th. Zacks Investment Research upgraded Whole Foods Market from a sell rating to a hold rating in a research note on Thursday, August 25th. Royal Bank Of Canada reiterated an outperform rating and set a $37.00 target price on shares of Whole Foods Market in a research note on Wednesday, June 22nd. Finally, Wedbush reiterated a neutral rating and set a $29.00 target price on shares of Whole Foods Market in a research note on Thursday, May 26th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. Whole Foods Market presently has a consensus rating of Hold and a consensus target price of $30.28.
Whole Foods Market (NASDAQ:WFM) opened at 28.65 on Thursday. Whole Foods Market has a 12 month low of $27.67 and a 12 month high of $35.58. The company has a market cap of $9.13 billion, a P/E ratio of 20.32 and a beta of 0.74. The firm has a 50-day moving average price of $29.81 and a 200 day moving average price of $31.19.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.73 billion. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities analysts expect that Whole Foods Market will post $1.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.54 dividend on an annualized basis and a yield of 1.88%. Whole Foods Market’s dividend payout ratio (DPR) is currently 37.76%.
In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of Whole Foods Market stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $28.41, for a total transaction of $224,893.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.
Several institutional investors have recently made changes to their positions in WFM. Pitcairn Co. increased its position in shares of Whole Foods Market by 0.4% in the second quarter. Pitcairn Co. now owns 15,469 shares of the company’s stock worth $496,000 after buying an additional 63 shares during the last quarter. Reliance Trust Co. of Delaware increased its position in shares of Whole Foods Market by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 9,439 shares of the company’s stock worth $302,000 after buying an additional 87 shares during the last quarter. First Manhattan Co. increased its position in shares of Whole Foods Market by 1.0% in the second quarter. First Manhattan Co. now owns 10,103 shares of the company’s stock worth $323,000 after buying an additional 103 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Whole Foods Market by 0.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,878 shares of the company’s stock worth $828,000 after buying an additional 127 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Whole Foods Market by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 12,058 shares of the company’s stock worth $386,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.
Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.
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