(NASDAQ:WFM) to report earnings of about $0.41 per share on $3,743.23M in revenue. The company has market capitalization of $11.10B. The stock increased 2.52% or $0.85 during the last trading session, hitting $34.57. Whole Foods Market’s revenue for the quarter was up 1.3% compared to the same quarter previous year. Credit Suisse Group AG upgraded shares of Whole Foods Market from a “neutral” rating to an “outperform” rating and upped their price target for the company from $30.00 to $40.00 in a research note on Sunday, May 29th. Total 1.91 million shares changed on hands and it kept the average volume of 3.16 million shares. Whole Foods Market was Downgraded by Northcoast to ” Sell” on Jun 15, 2016.
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Whole Foods Market Inc. The median 12-month price target of 21 analysts covering the company is $30.00, which suggests the stock could still gain more than -12 percent.
We rate WHOLE FOODS MARKET INC as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The Austin-based supermarket chain should see positive results over the next year as a result of same-store sales improvement and effective management commentary around the company’s new stores called “365 by Whole Foods”, according to the analyst note. (NASDAQ:WFM) reported an earnings surprise of 7.32% when the company last reported earnings for the period ending on 2016-03-31. Presently, it has been ranked as “Buy” from 4 Financial Analyst.4 analyst given “Sell” rating for the stock 19 analyst suggested the stock as a “Hold”. He reiterates a Sell rating with a price target of $20.00. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Whole Foods Market has a one year low of $28.07 and a one year high of $41.75.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. This represents a $0.54 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Wednesday, June 29th. Royal Bank Of Canada restated a “buy” rating on shares of Whole Foods Market in a research note on Saturday, April 30th. This is the consensus price target based on the 14 polled by Zacks Research.
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The analyst upholds that signs of stabilization in SSS trends or even perceptions of improving fundamentals could have a significant impact on the company’s share price. Finally, Charter Trust Co. raised its position in shares of Whole Foods Market by 17.1% in the second quarter. As of September 25, 2011, it operated 311 stores, of which 299 stores operated in 38 United States and the District of Columbia; seven stores in Canada; and five stores in the United Kingdom. GoPro, Inc. markets and sells its products through retailers and distributors, as well as through its Website in the United States and internationally.
