Whole Foods Market, Inc. (NASDAQ: WFM) is trading strong, up 6 percent. The stock price is expected in the short term to reach $33.50. Many analysts are in agreement with Whole Foods having a consensus of 18. Whole Foods has a short-term price target of a higher estimate at $51. The company's lower estimate is currently at $26.
Whole Foods stock has a dividend yield of 1.8 percent, and the revenue growth is much higher than the industry average of 11.8 percent. Its revenues have increased since the same quarter one year prior by 5.6 percent.
Tracking Toward Sales Beat
ITG Market Research released a note on Whole Foods, which stated that the firm's proprietary data indicates FQ1'16 revenues and SSS are tracking toward $4,865 million and -1.2 percent, above consensus of $4,817 million and -2.2 percent, respectively. ITG said that SSS growth has accelerated from management's QTD guide, albeit still weaker Q/Q.
The research firm also noted that trends for Whole Foods are also accelerating on a two-year basis (3.3 percent to date versus 2.9 percent). Relative to FQ4, ITG Market Research stated Whole Food's average basket growth was flat to down, while Y/Y traffic trends decelerated in the beginning of FQ1, but rebounded in November.
Whole Foods Market, Inc. (NASDAQ: WFM) is trading strong, up 6 percent. The stock price is expected in the short term to reach $33.50. Many analysts are in agreement with Whole Foods having a consensus of 18. Whole Foods has a short-term price target of a higher estimate at $51. The company's lower estimate is currently at $26.Whole Foods stock has a dividend yield of 1.8 percent, and the revenue growth is much higher than the industry average of 11.8 percent. Its revenues have increased since the same quarter one year prior by 5.6 percent.Tracking Toward Sales BeatITG Market Research released a note on Whole Foods, which stated that the firm's proprietary data indicates FQ1'16 revenues and SSS are tracking toward $4,865 million and -1.2 percent, above consensus of $4,817 million and -2.2 percent, respectively. ITG said that SSS growth has accelerated from management's QTD guide, albeit still weaker Q/Q.The research firm also noted that trends for Whole Foods are also accelerating on a two-year basis (3.3 percent to date versus 2.9 percent). Relative to FQ4, ITG Market Research stated Whole Food's average basket growth was flat to down, while Y/Y traffic trends decelerated in the beginning of FQ1, but rebounded in November.
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