JPMorgan Chase & Co. reiterated their buy rating on shares of Whole Foods Market (NYSE:WFM) in a research note released on Thursday morning, Analyst RN reports. They currently have a $66.00 target price on the stock.
Whole Foods Market (NYSE:WFM) traded down 1.26% on Thursday, hitting $57.815. 2,881,732 shares of the company’s stock traded hands. Whole Foods Market has a 52 week low of $40.695 and a 52 week high of $65.59. The stock’s 50-day moving average is $61.27 and its 200-day moving average is $54.86. The company has a market cap of $21.530 billion and a P/E ratio of 39.83.
Whole Foods Market (NYSE:WFM) last released its earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Whole Foods Market will post $1.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders of record on Friday, January 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.10.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their EPS estimates on shares of Whole Foods Market in a research note on Thursday. They now have a buy rating and a $68.00 price target on the stock. They previously had a $70.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of Whole Foods Market in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Finally, analysts at Merrill Lynch reiterated a buy rating on shares of Whole Foods Market in a research note to investors on Thursday. They now have a $68.00 price target on the stock, up previously from $62.00. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Whole Foods Market currently has an average rating of Buy and an average price target of $69.30.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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