The stock of Whole Foods Market, Inc. (NASDAQ:WFM) is a huge mover today! About 10.78M shares traded hands or 118.66% up from the average. Whole Foods Market, Inc. (NASDAQ:WFM) has declined 14.60% since March 3, 2016 and is downtrending. It has underperformed by 22.94% the S&P500.
The move comes after 8 months positive chart setup for the $9.36B company. It was reported on Oct, 6 by Barchart.com. We have $45.93 PT which if reached, will make NASDAQ:WFM worth $5.24 billion more.
Analysts await Whole Foods Market, Inc. (NASDAQ:WFM) to report earnings on November, 2. They expect $0.24 earnings per share, down 20.00% or $0.06 from last year’s $0.3 per share. WFM’s profit will be $76.30M for 30.67 P/E if the $0.24 EPS becomes a reality. After $0.37 actual earnings per share reported by Whole Foods Market, Inc. for the previous quarter, Wall Street now forecasts -35.14% negative EPS growth.
Whole Foods Market, Inc. (NASDAQ:WFM) Ratings Coverage
Out of 20 analysts covering Whole Foods Market Inc (NASDAQ:WFM), 6 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 30% are positive. Whole Foods Market Inc has been the topic of 37 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the stock with “Market Perform” rating in Thursday, November 5 report. Vetr upgraded the shares of WFM in a report on Monday, September 21 to “Strong-Buy” rating. The rating was maintained by Imperial Capital with “Outperform” on Friday, July 31. The company was initiated on Friday, September 23 by Barclays Capital. The stock has “Sell” rating given by Pivotal Research on Friday, August 14. The rating was downgraded by Longbow on Wednesday, July 29 to “Neutral”. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) earned “Sell” rating by Northcoast on Wednesday, June 15. On Friday, February 5 the stock rating was upgraded by Longbow to “Neutral”. The rating was downgraded by Sterne Agee CRT on Thursday, July 30 to “Neutral”. The company was maintained on Monday, March 14 by Credit Suisse.
According to Zacks Investment Research, “Whole Foods Market is the largest purveyor of natural foods in the world. They own and operate the country’s largest chain of natural food supermarkets. They are like an old-fashioned neighborhood grocery store, an organic farmer’s market, a European bakery, a New York deli, and a modern supermarket all rolled into one! The Company also offers a wide variety of non-perishable natural products on its Web site at http://wholefoods.com.”
More important recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Fool.com which released: “Better Buy: Whole Foods Market, Inc. vs. Sprouts Farmers Market Inc.” on September 10, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Wolverine World Wide, Ingredion and Whole Foods Market”, Globenewswire.com published: “Whole Foods Market Commences Exchange Offer” on September 26, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) was released by: Investorplace.com and their article: “Whole Foods Market, Inc. to Pay $3.5M Over Hazardous Waste” with publication date: September 20, 2016.
WFM Company Profile
Whole Foods Market, Inc., incorporated on August 15, 1978, 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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