Whole Foods Market (WFM) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Whole Foods Market (NASDAQ:WFM) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Whole Foods Market earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.8736589065735 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- UPDATE 1-Senator questions quick approval of Amazon’s Whole Foods purchase – Business Insider (businessinsider.com)
- Whole Foods Market Target of Unusually Large Options Trading (WFM) (americanbankingnews.com)
- ‘Refreshing’ Whole Foods May Be Amazon’s First Strategy (seekingalpha.com)
- Whole Foods Market, Inc. (WFM) Sees Significant Increase in Short Interest (americanbankingnews.com)
- Whole Foods price cuts leave rivals reeling (detroitnews.com)
Shares of Whole Foods Market (NASDAQ:WFM) traded up 0.02% during midday trading on Friday, hitting $41.99. 4,271,255 shares of the company traded hands. The stock has a market capitalization of $13.45 billion, a P/E ratio of 34.59 and a beta of 0.82. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $43.84. The company has a 50-day moving average price of $41.82 and a 200-day moving average price of $36.15. Whole Foods Market also was the target of unusually large options trading activity on Wednesday. Stock investors acquired 12,084 call options on the stock. This represents an increase of approximately 809% compared to the average daily volume of 1,329 call options.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Analysts anticipate that Whole Foods Market will post $1.33 earnings per share for the current fiscal year.
Whole Foods Market declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 10th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of analysts have recently issued reports on the company. Gordon Haskett started coverage on Whole Foods Market in a research report on Tuesday, May 9th. They issued a “buy” rating and a $42.00 price objective for the company. BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Wells Fargo & Company restated a “buy” rating and set a $45.00 price objective on shares of Whole Foods Market in a research note on Thursday, June 29th. Vetr upgraded Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 price objective on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $42.00 price objective on shares of Whole Foods Market in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and three have given a buy rating to the company. Whole Foods Market has a consensus rating of “Hold” and a consensus target price of $37.76.
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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.
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