Whole Foods Market (NASDAQ:WFM) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $38 and the lowest price target forecast is $23. The average forecast of all the analysts is $30.71 and the expected standard deviation is $4.3.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Northcoast Research downgrades the rating on Whole Foods Market (NASDAQ:WFM). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 15, 2016.
Whole Foods Market (NASDAQ:WFM): stock turned positive on Thursday. Though the stock opened at $30.62, the bulls momentum made the stock top out at $30.89 level for the day. The stock recorded a low of $30.53 and closed the trading day at $30.67, in the green by 1.02%. The total traded volume for the day was 6,410,485. The stock had closed at $30.36 in the previous days trading.
The company shares have dropped -25.41% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $41.97 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $31.78 and the 200 Day Moving Average price is recorded at $31.44. On the companys insider trading activities,The director of Whole Foods Market Inc, Siegel Morris J sold 6,190 shares at $32.32 on May 25, 2016. The Insider selling transaction had a total value worth of $200,061. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Whole Foods Market, Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment, natural and organic foods supermarkets. As of September 29, 2013, Whole Foods Market operated 362 stores in the United States, Canada, and the United Kingdom. The Companys offices are supported by its headquarters, regional offices, distribution centers, bakehouse facilities, commissary kitchens, seafood-processing facilities, meat and produce procurement centers, and a specialty coffee and tea procurement and roasting operation. The Companys product selection includes grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, and lifestyle products including books, pet products, and household products. The Companys 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.