Shahid M. Hassan Sells 7,916 Shares of Whole Foods Market Inc. (WFM) Stock
Whole Foods Market Inc. (NASDAQ:WFM) Director Shahid M. Hassan sold 7,916 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) opened at 28.59 on Thursday. The stock has a market cap of $9.11 billion, a PE ratio of 20.28 and a beta of 0.74. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The firm has a 50-day moving average price of $29.96 and a 200-day moving average price of $31.31.
Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the business posted $0.43 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Whole Foods Market Inc. will post $1.51 EPS for the current year.
Several equities analysts have recently issued reports on WFM shares. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Whole Foods Market in a research note on Wednesday, June 22nd. Vetr cut Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.47 target price on the stock. in a research note on Monday, June 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Whole Foods Market in a research note on Thursday, May 26th. Credit Suisse Group AG restated a “buy” rating and set a $40.00 price target on shares of Whole Foods Market in a research report on Tuesday, June 21st. Finally, SunTrust Banks Inc. restated a “buy” rating and set a $38.00 price target on shares of Whole Foods Market in a research report on Thursday, July 28th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.29.
Several hedge funds and other institutional investors have recently made changes to their positions in WFM. Norges Bank acquired a new stake in Whole Foods Market during the fourth quarter worth $165,182,000. Emerald Acquisition Ltd. acquired a new stake in Whole Foods Market during the second quarter worth $55,297,000. Victory Capital Management Inc. boosted its stake in Whole Foods Market by 7,373.9% in the second quarter. Victory Capital Management Inc. now owns 1,464,968 shares of the company’s stock worth $46,909,000 after buying an additional 1,445,367 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Whole Foods Market by 74.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,504,192 shares of the company’s stock worth $80,184,000 after buying an additional 1,065,283 shares during the last quarter. Finally, PGGM Investments acquired a new stake in Whole Foods Market during the second quarter worth $31,783,000. Institutional investors and hedge funds own 86.38% of the company’s stock.
About Whole Foods Market
Whole Foods Market, Inc 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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