Harbour Capital Advisors LLC boosted its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 4,111.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,422 shares of the company’s stock after buying an additional 8,222 shares during the period. Harbour Capital Advisors LLC’s holdings in Whole Foods Market were worth $200,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. Cleararc Capital Inc. increased its position in Whole Foods Market by 0.5% in the first quarter. Cleararc Capital Inc. now owns 7,792 shares of the company’s stock worth $232,000 after buying an additional 35 shares during the period. Gateway Investment Advisers LLC increased its position in Whole Foods Market by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,207 shares of the company’s stock worth $851,000 after buying an additional 64 shares during the period. CAPROCK Group Inc. increased its position in Whole Foods Market by 1.7% in the first quarter. CAPROCK Group Inc. now owns 8,300 shares of the company’s stock worth $247,000 after buying an additional 136 shares during the period. Sheets Smith Wealth Management increased its position in Whole Foods Market by 2.3% in the first quarter. Sheets Smith Wealth Management now owns 7,578 shares of the company’s stock worth $225,000 after buying an additional 172 shares during the period. Finally, Advantus Capital Management Inc increased its position in Whole Foods Market by 0.6% in the first quarter. Advantus Capital Management Inc now owns 31,917 shares of the company’s stock worth $949,000 after buying an additional 196 shares during the period. Institutional investors own 86.33% of the company’s stock.
Shares of Whole Foods Market, Inc. (WFM) remained flat at $41.73 on Friday. The company’s stock had a trading volume of 2,316,383 shares. The firm has a 50-day moving average price of $41.85 and a 200-day moving average price of $35.72. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 34.37 and a beta of 0.82. Whole Foods Market, Inc. has a 52 week low of $27.67 and a 52 week high of $43.84.
Whole Foods Market (NASDAQ:WFM) last posted its earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. Whole Foods Market’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. Equities analysts forecast that Whole Foods Market, Inc. will post $1.33 EPS for the current fiscal year.
Whole Foods Market declared that its board has approved a share repurchase program on Wednesday, May 10th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the company to purchase up to 10.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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WFM has been the topic of several recent analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Whole Foods Market in a research report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and set a $38.00 target price (up previously from $28.00) on shares of Whole Foods Market in a research report on Thursday, May 11th. UBS AG raised shares of Whole Foods Market from a “sell” rating to a “neutral” rating and set a $42.00 target price on the stock in a research report on Monday, July 10th. Barclays PLC raised shares of Whole Foods Market from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $48.00 in a research report on Friday, June 16th. Finally, Gordon Haskett cut 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 report on Monday, June 26th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.06.
In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of Whole Foods Market stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the transaction, the insider now directly owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
About Whole Foods Market
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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