Insider Selling: United Natural Foods, Inc. (UNFI) Director Sells 16,514 Shares of Stock
United Natural Foods, Inc. (NASDAQ:UNFI) Director James P. Heffernan sold 16,514 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.87, for a total value of $823,553.18. Following the transaction, the director now directly owns 7,580 shares in the company, valued at approximately $378,014.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of United Natural Foods, Inc. (NASDAQ UNFI) traded up $0.72 during mid-day trading on Thursday, hitting $51.43. The stock had a trading volume of 646,900 shares, compared to its average volume of 806,696. The firm has a market capitalization of $2,555.83, a P/E ratio of 19.43, a PEG ratio of 3.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25. United Natural Foods, Inc. has a 1-year low of $29.53 and a 1-year high of $52.69.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. During the same period in the prior year, the firm posted $0.58 earnings per share. sell-side analysts forecast that United Natural Foods, Inc. will post 2.74 earnings per share for the current year.
United Natural Foods declared that its Board of Directors has initiated a share repurchase program on Friday, October 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
A number of research analysts have recently commented on UNFI shares. Pivotal Research reaffirmed a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a research note on Tuesday, September 12th. Goldman Sachs Group reiterated a “neutral” rating and issued a $41.00 price target on shares of United Natural Foods in a report on Tuesday, November 14th. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, October 10th. TheStreet lowered United Natural Foods from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Finally, Bank of America reiterated an “underperform” rating and issued a $36.00 price target (up previously from $35.00) on shares of United Natural Foods in a report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $43.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of United Natural Foods by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock valued at $157,415,000 after acquiring an additional 24,028 shares during the period. Dimensional Fund Advisors LP increased its position in shares of United Natural Foods by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock valued at $177,554,000 after acquiring an additional 258,676 shares during the period. Bank of New York Mellon Corp increased its position in shares of United Natural Foods by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock valued at $104,734,000 after acquiring an additional 84,579 shares during the period. Kiltearn Partners LLP acquired a new position in shares of United Natural Foods in the 2nd quarter valued at $74,701,000. Finally, State Street Corp grew its position in United Natural Foods by 4.2% during the 2nd quarter. State Street Corp now owns 1,666,585 shares of the company’s stock worth $61,167,000 after purchasing an additional 66,868 shares during the period.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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