Whole Foods Market (WFM) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $28 . Deutsche Bank advised their investors in a research report released on Jul 28, 2016.
Many Wall Street Analysts have commented on Whole Foods Market. Whole Foods Market was Downgraded by Goldman to ” Sell” on Jul 26, 2016. Whole Foods Market was Upgraded by Macquarie to ” Outperform” on Jul 25, 2016. Whole Foods Market was Downgraded by Northcoast to ” Sell” on Jun 15, 2016.
On the company’s financial health, Whole Foods Market reported $0.37 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.37. The company had revenue of $3703.00 million for the quarter, compared to analysts expectations of $3719.95 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Whole Foods Market closed down -3.03 points or -9.01% at $30.61 with 2,26,96,712 shares getting traded on Thursday. Post opening the session at $31.88, the shares hit an intraday low of $30.26 and an intraday high of $31.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 25, 2016, Morris J Siegel (director) sold 6,190 shares at $32.32 per share price. According to the SEC, on May 20, 2016, Mark T Dixon (Regional President) sold 3,005 shares at $30.64 per share price. On May 17, 2016, Ralph Z Sorenson (director) sold 11,500 shares at $30.20 per share price, according to the Form-4 filing with the securities and exchange commission.
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.