The stock of Whole Foods Market, Inc. (NASDAQ:WFM) is a huge mover today! About 2.61M shares traded hands. Whole Foods Market, Inc. (NASDAQ:WFM) has declined 13.29% since March 11, 2016 and is downtrending. It has underperformed by 18.74% the S&P500.
The move comes after 9 months negative chart setup for the $9.05B company. It was reported on Oct, 14 by Barchart.com. We have $26.39 PT which if reached, will make NASDAQ:WFM worth $724.00M less.
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 $75.73M for 29.88 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. As per Tuesday, August 18, the company rating was downgraded by TheStreet. Sterne Agee CRT downgraded the shares of WFM in a report on Thursday, July 30 to “Neutral” rating. The firm earned “Neutral” rating on Friday, February 5 by Longbow. The rating was downgraded by Wedbush to “Neutral” on Thursday, July 30. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Sell” rating by Goldman Sachs given on Tuesday, July 26. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) has “Sell” rating given on Wednesday, June 15 by Northcoast. Telsey Advisory Group maintained the shares of WFM in a report on Thursday, July 30 with “Market Perform” rating. Morgan Stanley downgraded the stock to “Equal Weight” rating in Thursday, July 30 report. The firm has “Market Perform” rating given on Thursday, November 5 by Telsey Advisory Group.
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 notable recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Forbes.com which released: “Whole Foods Market Becomes #8 Most Shorted Nasdaq 100 Component, Replacing …” on October 13, 2016, also Investorplace.com with their article: “Kroger Co (KR) Isn’t Coming to Save Whole Foods Market, Inc. (WFM) Stock” published on October 06, 2016, Wsj.com published: “Whole Foods Sets Up Shop in Low-Income Neighborhoods” on October 09, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Wolverine World Wide, Ingredion and Whole Foods Market” published on September 27, 2016 as well as Globenewswire.com‘s news article titled: “Whole Foods Market Commences Exchange Offer” with publication date: September 26, 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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