Next Weeks Broker Price Targets For Whole Foods Market, Inc. (NASDAQ:WFM)
- Author: Zachary Reyes Jun 20, 2017,
Jun 20, 2017, 2:09
Pacer Advisors Inc. now owns 6,212 shares of the company's stock valued at $185,000 after buying an additional 207 shares during the last quarter. The stock of Whole Foods Market, Inc. They expect $-0.03 EPS, up 40.00% or $0.02 from last year's $-0.05 per share. The reflection of the same was visible in the second-quarter fiscal 2017 results, wherein comps slid for the seventh straight quarter and bottom line continues to decline year over year, albeit total sales did increase.
Wells Fargo & Company upgraded shares of Whole Foods Market, Inc.
During the 52-week trading session the minimum price at which share price traded, registered at $65.97 and reached to max level of $96.88. Analysts are forecasting Whole Foods Market, Inc.to report revenue of about $3.73B, versus the $3.7B posted past year. The stock added 19.45% beyond one week and climbed 18.42% during previous one month session. The firm has a 50 day moving average of $35.95 and a 200 day moving average of $32.29. Traders purchased 22,023 put options on the stock.
"This partnership presents an opportunity to maximize value for Whole Foods Market's shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience, and innovation to our customers", says John Mackey, Whole Foods Market cofounder and CEO. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.73 billion. Whole Foods Market had a return on equity of 13.72% and a net margin of 2.54%. Whole Foods Market's quarterly revenue was down 99.9% compared to the same quarter a year ago. That is compared with the $0.37 in EPS it reported during the same period a year ago.
Amazon agreed to pay $42 per share in cash for Whole Foods, a 27% premium on the Austin, Texas-based grocer's closing share price on Thursday.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. The ex-dividend date is Wednesday, June 28th. The dividend payment will be $0.180 per share for the quarter which comes to $0.72 on an annualized basis. Finally, Pacad Investment Ltd. bought a new position in shares of Whole Foods Market during the fourth quarter worth about $163,000. Whole Foods Market's dividend payout ratio (DPR) is 44.44%. The original version of this story can be accessed at https://sportsperspectives.com/2017/06/19/cambridge-investment-research-advisors-inc-has-1-51-million-stake-in-whole-foods-market-inc-wfm.html. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws.
WFM has been the subject of a number of research reports. They now have a $48.00 TP on WFM or a 12.46 % upside from the current share price.
In the quarter ending September 2016, Whole Foods Market, Inc. delivered an even larger earnings beat.
Stock has got outperform rating from 2 of Thomson Reuters analysts whereas 11 given HOLD rating to the stock. (NASDAQ:WFM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Standpoint Research initiated it with "Sell" rating and $28 target in Tuesday, April 11 report. As per Wednesday, April 12, the company rating was maintained by Deutsche Bank.
04/20/2017 - Whole Foods Market, Inc. had its "outperform" rating reiterated by analysts at Credit Suisse.
In other news, insider Angela Lorenzen sold 1,431 shares of the company's stock in a transaction that occurred on Monday, May 22nd. Corporate insiders own 1.30% of the company's stock.
In other Whole Foods Market news, insider Juan Nunez sold 14,502 shares of the company's stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total transaction of $399,095.04.