Whole Foods Market (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.
Whole Foods Market (WFM) stated gains of 2,257,955 shares or 5.2% in the short interest. The short interest registered from 43,764,248 on June 15,2016 to 46,022,203 on June 30,2016. In terms of floated shares, the shorted positions stood at 14.5%. The stock has been averaging 6,674,606 shares daily in trading and would need 7 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Northcoast Research downgrades its ratings on Whole Foods Market (NASDAQ:WFM). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 15, 2016.
Whole Foods Market (NASDAQ:WFM): On Thursdays trading session , Opening price of the stock was $33.88 with an intraday high of $34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.55. However, the stock managed to close at $33.58, a loss of 0.53% for the day. On the previous day, the stock had closed at $33.76. The total traded volume of the day was 3,577,722 shares.
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.