Tigress Financial Cuts Rating On Whole Foods Market, Inc. (WFM)

Judith Bessette
Agosto 8, 2017

(NDAQ:WFM) has risen 16.62% since August 7, 2016 and is uptrending. Sheets Smith Wealth Management now owns 7,578 shares of the company's stock valued at $225,000 after buying an additional 172 shares during the period. Oregon Public Employees Retirement Fund's holdings in Whole Foods Market were worth $6,048,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MA purchased a new stake in Whole Foods Market during the second quarter worth $190,000. This is a positive change from Whole Foods Market's previous quarterly dividend of $0.14. Westside Investment Management Inc. now owns 4,137 shares of the company's stock valued at $125,000 after buying an additional 3,320 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in Whole Foods Market by 165.4% in the second quarter. Acropolis Investment Management added additional shares of Whole Foods Market by 3.0% in the Fiscal Q2. Teachers Advisors LLC boosted its position in shares of Whole Foods Market by 21.8% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company's stock worth $132,000 after buying an additional 2,154 shares during the period. Company insiders own 1.30% of the company's stock. Whole Foods Market, Inc. The firm's 50-day moving average price is $41.52 and its 200 day moving average price is $34.78.

Whole Foods Market Inc has a 52 week low of $27.67 and a 52 week high of $43.84 with a P/E ratio of 34.45 The company's market cap is now $0. Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. The short interest to Whole Foods Market Incorporated's float is 9.59%. Whole Foods Market's quarterly revenue was up.6% compared to the same quarter past year. Next quarter's EPS is expected be $0.39 and the next full year EPS is projected to be $1.40. The company was upgraded on Monday, July 10 by UBS. This buyback authorization authorizes The corporation to repurchase up to 10.8% of its shares through open market purchases. shares buyback plans are usually a sign that the firms board believes its Stocks are undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday the 28th of June 2017. Gateway Investment Advisers LLC increased its position in Whole Foods Market by 0.3% in the second quarter. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. Whole Foods Market's dividend payout ratio (DPR) is 59.02%.

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WARNING: This story was first posted by Stock Observer and is the property of of Stock Observer. (NASDAQ:WFM) news were published by: Seekingalpha.com which released: "Whole Foods: Hopes Dim For A Higher Bid" on August 04, 2017, also Fool.com with their article: "Why Whole Foods Market, Inc".

Quite a few analysts have commented on WFM. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $42.00 target price on shares of Whole Foods Market in a research note on Tuesday, July 18th. Oppenheimer downgraded the shares of WFM in report on Thursday, June 29 to "Market Perform" rating. Credit Suisse Group restated an "outperform" rating and issued a $40.00 target price on shares of Whole Foods Market in a research report on Sunday, April 23rd. Tigress Financial downgraded shares of Whole Foods Market from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, Gordon Haskett downgraded Whole Foods Market from a buy rating to a hold rating and set a $42.00 price objective for the company.in a research note on Monday, June 26th. $36.61's average target is -12.44% below currents $41.81 stock price.

In related news, insider Angela Lorenzen sold 1,431 shares of Whole Foods Market stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total transaction of $52,002.54. The stock had a trading volume of 5,285,937 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Following the transaction, the insider now directly owns 3,418 shares in the company, valued at $124,688.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,466 shares of company stock worth $543,688. Insiders own 1.30% of the company's stock.

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Firm 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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