Whole Foods Market, Inc. (NASDAQ:WFM)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays PLC in a note issued to investors on Monday. They currently have a $30.00 target price on the stock. Barclays PLC’s target price suggests a potential upside of 4.90% from the stock’s current price.
WFM has been the topic of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Whole Foods Market in a research note on Monday, March 13th. Vetr lowered shares of Whole Foods Market from a “hold” rating to a “sell” rating and set a $29.97 target price on the stock. in a research report on Monday, December 5th. Zacks Investment Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Saturday, January 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Whole Foods Market in a research report on Thursday, January 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $28.00 target price (down from $29.00) on shares of Whole Foods Market in a research report on Thursday, February 9th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Whole Foods Market presently has a consensus rating of “Hold” and an average target price of $29.32.
Whole Foods Market (NASDAQ:WFM) opened at 28.60 on Monday. Whole Foods Market has a 52-week low of $27.67 and a 52-week high of $35.58. The firm has a 50-day moving average of $29.90 and a 200 day moving average of $29.92. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 20.65 and a beta of 0.75.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Whole Foods Market had a net margin of 2.81% and a return on equity of 14.57%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, equities research analysts forecast that Whole Foods Market will post $1.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Friday, April 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.56 annualized dividend and a yield of 1.96%. Whole Foods Market’s dividend payout ratio (DPR) is presently 40.29%.
In other news, insider Christina Minardi sold 2,061 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $29.30, for a total transaction of $60,387.30. Following the completion of the sale, the insider now owns 1,461 shares of the company’s stock, valued at $42,807.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Glenda J. Flanagan sold 4,250 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $31.28, for a total transaction of $132,940.00. Following the sale, the chief financial officer now directly owns 219,372 shares of the company’s stock, valued at approximately $6,861,956.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,006 shares of company stock worth $796,182. Company insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of WFM. Norges Bank bought a new stake in shares of Whole Foods Market during the fourth quarter valued at about $165,510,000. BlackRock Advisors LLC increased its stake in shares of Whole Foods Market by 184.5% in the third quarter. BlackRock Advisors LLC now owns 3,922,163 shares of the company’s stock valued at $111,193,000 after buying an additional 2,543,384 shares in the last quarter. Equity Investment Corp Acquisition Inc bought a new stake in shares of Whole Foods Market during the fourth quarter valued at about $67,167,000. Morgan Stanley increased its stake in shares of Whole Foods Market by 85.8% in the third quarter. Morgan Stanley now owns 4,662,898 shares of the company’s stock valued at $132,192,000 after buying an additional 2,152,964 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Whole Foods Market during the fourth quarter valued at about $48,352,000. 85.46% of the stock is owned by institutional investors.
About Whole Foods Market
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.