Somewhat Positive Media Coverage Somewhat Unlikely to Impact Whole Foods Market (NASDAQ:WFM) Share Price
Press coverage about Whole Foods Market (NASDAQ:WFM) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Whole Foods Market earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.7094368368916 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Amazon and Whole Foods: What’s Next? (wsj.com)
- Why Amazon Is Losing to JD.com and Wal-Mart – Investopedia (investopedia.com)
- Lawsuit for Investors in Whole Foods Market, Inc. (NASDAQ:WFM) Against Takeover by Amazon Filed – Digital Journal (digitaljournal.com)
- Blue Apron stock plummets as costs rise 86 percent (finance.yahoo.com)
Shares of Whole Foods Market (WFM) traded down 0.05% on Thursday, reaching $41.83. 6,260,361 shares of the company’s stock traded hands. The company has a 50 day moving average of $41.99 and a 200-day moving average of $35.24. The stock has a market capitalization of $13.40 billion, a PE ratio of 34.46 and a beta of 0.82. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $43.84.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Equities research analysts forecast that Whole Foods Market will post $1.34 earnings per share for the current year.
Whole Foods Market declared that its board has approved a stock repurchase program on Wednesday, May 10th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the company to buy up to 10.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
WFM has been the subject of several analyst reports. BMO Capital Markets reissued a “sell” rating and issued a $28.00 price target (up previously from $23.00) on shares of Whole Foods Market in a research note on Wednesday, April 12th. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. UBS AG reissued a “sell” rating and issued a $25.00 price target on shares of Whole Foods Market in a research note on Friday, April 14th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of Whole Foods Market in a research note on Friday, April 14th. Finally, Pivotal Research reissued a “sell” rating and issued a $20.00 price target on shares of Whole Foods Market in a research note on Friday, April 14th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.06.
In other news, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Following the completion of the transaction, the insider now owns 1,131 shares in the company, valued at $41,100.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura A. Derba sold 2,200 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total transaction of $80,256.00. Following the transaction, the insider now owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The disclosure for this sale can be found here. Insiders have sold 18,466 shares of company stock valued at $543,688 in the last 90 days. Insiders own 1.30% of the company’s stock.
About Whole Foods Market
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company 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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