Numeric Investors LLC reduced its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 26.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,900 shares of the company’s stock after selling 9,900 shares during the period. Numeric Investors LLC’s holdings in Whole Foods Market were worth $1,175,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Nuance Investments LLC purchased a new stake in Whole Foods Market in the 2nd quarter valued at about $102,820,000. Quinn Opportunity Partners LLC increased its stake in Whole Foods Market by 1,000.0% during the second quarter. Quinn Opportunity Partners LLC now owns 1,510,529 shares of the company’s stock worth $63,608,000 after purchasing an additional 1,373,203 shares during the period. Dynamic Capital Management Ltd purchased a new stake in Whole Foods Market during the first quarter worth about $756,000. NBT Bank N A NY purchased a new stake in Whole Foods Market during the second quarter worth about $264,000. Finally, Gamco Investors INC. ET AL increased its stake in Whole Foods Market by 26.0% during the second quarter. Gamco Investors INC. ET AL now owns 426,871 shares of the company’s stock worth $17,976,000 after purchasing an additional 88,050 shares during the period. Hedge funds and other institutional investors own 79.18% of the company’s stock.
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WFM has been the topic of a number of recent research reports. Royal Bank Of Canada set a $42.00 price target on shares of Whole Foods Market and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Barclays PLC lowered shares of Whole Foods Market from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $42.00 in a research note on Wednesday, August 23rd. BidaskClub lowered shares of Whole Foods Market from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Gordon Haskett lowered shares of Whole Foods Market from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Monday, June 26th. Finally, Tigress Financial lowered shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.76.
Whole Foods Market (NASDAQ:WFM) last announced its earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS.
Whole Foods Market Profile
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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