Whole Foods Market, Inc. (WFM) Receives $36.70 Consensus Target Price from Brokerages
Whole Foods Market, Inc. (NASDAQ:WFM) has earned an average recommendation of “Hold” from the twenty-eight research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $36.70.
Several equities analysts have commented on WFM shares. Vetr upgraded Whole Foods Market from a “strong sell” rating to a “sell” rating and set a $31.24 price target on the stock in a report on Wednesday, June 7th. Pivotal Research reiterated a “hold” rating on shares of Whole Foods Market in a report on Tuesday, August 29th. Barclays PLC upgraded Whole Foods Market from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $48.00 in a report on Friday, June 16th. Royal Bank Of Canada set a $42.00 price target on Whole Foods Market and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, BidaskClub downgraded Whole Foods Market from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th.
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Whole Foods Market (WFM) remained flat at $41.99 on Friday. The company’s stock had a trading volume of 760,065 shares. Whole Foods Market has a 12 month low of $27.67 and a 12 month high of $43.84. The stock has a 50 day moving average price of $41.82 and a 200 day moving average price of $36.34.
Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts expect that Whole Foods Market will post $1.33 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Perpetual Ltd bought a new position in shares of Whole Foods Market during the second quarter valued at $1,856,000. Yorkville Capital Management LLC bought a new position in shares of Whole Foods Market during the second quarter valued at $695,000. Frontier Investment Mgmt Co. bought a new position in shares of Whole Foods Market during the second quarter valued at $793,000. Achmea Investment Management B.V. lifted its holdings in shares of Whole Foods Market by 23.4% during the second quarter. Achmea Investment Management B.V. now owns 65,115 shares of the company’s stock valued at $2,739,000 after acquiring an additional 12,348 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Whole Foods Market by 25.7% during the second quarter. Toronto Dominion Bank now owns 108,845 shares of the company’s stock valued at $4,582,000 after acquiring an additional 22,282 shares during the period. 79.18% of the stock is owned by institutional investors.
Whole Foods Market Company Profile
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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