Notable Earnings: Whole Foods Market, Inc. (NASDAQ:WFM)

Shares of Whole Foods Market (NASDAQ:WFM) opened at 29.28 on Friday.

The Relative Volume of the company is 1.89 and Average Volume (3 months) is 4.55 million.

Whole Foods still opened 14 new locations during the first quarter of fiscal year 2017, and remains optimistic about future growth.

By volume, the largest organic retailer in the U.S.is now believed to be Costco -which in 2015 sold $4 billion of organic produce and packaged foods.

Lower-than-expected sales compelled management to trim sales and earnings forecasts for the fiscal year.

It earned $95 million, or 30 cents per share, for the period. The difference between actual earnings and estimated earnings was $0.04 per share.

Results: Q1 EPS of 39 cents excluding a variety of items. (NASDAQ:WFM) reported its Actual EPS of $0.28/share.

Community health leaders discuss Affordable Care Act's fate
As of the end of December, more than 300,000 people had signed up compared to in December 2015. About 11.5 million people enrolled through the health insurance marketplace as of December 24.

The company now expects comp sales to decline 2.5% "or better" in 2017 compared with its previous expectation of flat to down 2%. The Company ended the quarter with $1.1 billion of total debt and $1.2 billion of total available capital.

As customers migrate to traditional supermarkets - which Whole Foods CEO John Mackey said have become a "good enough alternative" for some - the company said it will focus on its most loyal customers and getting them to spend more. The median estimate represents a +3.52% increase from the last price of 28.98. These analysts have also projected a Low Estimate of $0.35/share and a High Estimate of $0.44/share. Royal Bank Of Canada's price target would suggest a potential upside of 26.37% from the stock's current price.

Many research firms have provided their ratings on Whole Foods Market, Inc.

Yesterday Whole Foods (NASDAQ:WFM) traded 1.10% higher at $29.30.

For the three months ended January 15, Whole Foods said sales fell 2.4 percent at established locations. Also, insider Jeff Turnas sold 4,400 shares of the company's stock in a transaction dated Friday, November 11th. (NASDAQ:WFM) to Hold with a price target of $32. Specifically, the stock has shed 3.3% to trade at $35.65, earlier bouncing from its 200-day moving average, though not before finding a spot on the short-sale restricted list. And a quick view of analyst notes show that 5 are rating the stock a buy while 1 rate WFM a strong buy. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 18.89 and a beta of 0.75.

The company said its same-store sales were down 3.2 percent in the first month of the current quarter through February 5. The new chain is equipped with innovative technology, compelling products at value prices and a modern look to target millennials and stave off competition. The investment firm sold 1,360,000 shares of WFM which is valued $42,024,000.Asset Management firm, Dnb Asset Management As reduced its stake in WFM by selling 7,800 shares or 16.12% in the most recent quarter.

"We are encouraged by WFM's new strategic direction, and believe ongoing portfolio pruning, slowing square footage growth and a more thoughtful approach to pricing can each drive improved long term results".


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