Whole Foods shakes up board as key sales figure falls again

Saturday, 13 May, 2017

Several other hedge funds have also modified their holdings of WFM.

On 11/4/2015 Whole Foods Market announced a quarterly dividend of $0.14 1.79% with an ex dividend date of 1/13/2016 which will be payable on 1/26/2016. Envestnet Asset Management Inc. now owns 84,541 shares of the company's stock worth $2,511,000 after buying an additional 9,111 shares during the period. Parnassus Investments CA boosted its position in shares of Whole Foods Market by 29.2% in the first quarter. She will remain with Whole Foods in a senior advisor capacity. Nordea Investment Management AB now owns 664,251 shares of the company's stock valued at $18,832,000 after buying an additional 141,053 shares in the last quarter.

In this May 3, 2017, photo, fresh fruit is displayed in a Whole Foods Market grocery store, in Upper Saint Clair, Pa. Following the sale, the chief financial officer now owns 219,372 shares in the company, valued at approximately $6,861,956.16. This should bolster investor confidence in Whole Foods.

The company's quarterly sales dropped by 2.8 percent from the year before in the latest quarter, driven mostly by declining store traffic. Whole Foods Market also was the target of unusually large options trading on Wednesday. (NASDAQ:WFM) traded up 1.74% during trading on Thursday, reaching $36.88. Let's look at earnings estimate revisions in order to get a clear picture of what analysts are thinking about the company. The firm's 50 day moving average price is $33.45 and its 200 day moving average price is $31.18. Whole Foods Market has a 12 month low of $27.67 and a 12 month high of $37.33.

Sulzberger, Whole Foods' new chairman, said the company was working to reshape its board and had identified candidates prior to Jana announcing its stake last month.

Whole Foods Market, WFM -0.89% Inc.is dramatically reshaping its board of directors, an effort to show it is open to change after two big shareholders called on the organic grocery chain to explore a sale. Analysts are forecasting earnings of $0.37 on a per share basis this quarter.

Whole Foods said it plans to overhaul its purchasing program and category management while also accelerating the rollout of a customer-loyalty program by the end of this fiscal year with the goal of returning to positive same-store sales growth by the end of fiscal year 2018.

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Sales only grew 1% to $3.74 billion, but net income for WFM stock fell from $142 million to $99 million - a painful 30% decline. For the quarter ending Jun-17, 17 analysts have a mean sales target of 3,744.51 million whilst for the year ending Sep-17, 22 analysts have a mean target of 15,945.10 million.

The current Zacks Consensus Estimate for the quarter under review has been stable in the last 30 days, and is now pegged at 37 cents, down from 44 cents reported in the year-ago quarter. On average, analysts expect Whole Foods Market to post $1.33 EPS for the current fiscal year and $1.35 EPS for the next fiscal year. Shareholders of record on Friday, April 7th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.51%. Whole Foods Market's dividend payout ratio is now 40.29%. "RI" was originally posted by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was copied illegally and republished in violation of USA and worldwide trademark & copyright laws. Select Equity Group Lp acquired 1.18M shares as Whole Foods Mkt Inc (WFM)'s stock rose 9.04%.

Other research analysts have also recently issued research reports about the company.

"Whole Foods made numerous intelligent moves yesterday - the key now will be execution", the bank said in a research note.

ILLEGAL ACTIVITY WARNING: "Whole Foods Market, Inc". They presently have a $20.00 price target on the stock.

On the plus side for the Whole Foods, its new 365 stores seem to be performing to expectations. The share price of the stock surged 11.16% for the year.