Company Update (NASDAQ:WFM): Whole Foods Market® Selects Nielsen as U.S. Analytics Provider

[PR Newswire] – NEW YORK, June 28, 2016 /PRNewswire/ — Nielsen (NLSN) announced today that Whole Foods Market, Inc. (WFM), the leading natural and organic supermarket, has selected Nielsen as its primary U.S. analytics provider for point-of-sale data, consumer insights and industry metrics. Nielsen is working with the company to collaboratively create a customized natural and organic product hierarchy that will provide a comprehensive view of Whole Foods Market’s product categories, including ingredient level attributes. In addition to allowing the company and its supplier partners to make faster and more informed data-decisions to drive growth, the comprehensive and fully integrated hierarchical data will yield a deeper understanding of customer preferences. With this deeper understanding of our customers, Whole Foods Market and its supplier partners will excel at new product development, cementing the grocer’s position as a trend leader in quality and differentiated product assortments. Read more on this. Whole Foods Market, Inc. (WFM) , with a current market cap of $10.02B, opened this morning at $31.35. Looking at the equity, the company’s one day range is $31.15 to $31.78 and has traded between $28.07 and $41.97 over the past 12 months. WFM shares are currently priced at 20.42x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.44x earnings multiple. And for income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.76%. According to a consensus of 25 analysts, the earnings estimate of $0.37 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $1.53 is a $0.08 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.73 Billion. If reported, that would be a 2.75% increase over the year-ago quarter. Recently, Northcoast downgraded WFM from Neutral to Sell (Jun 15, 2016). Previously, Credit Suisse upgraded WFM from Neutral to Outperform. The average price target for WFM shares is $30.05, which is 4.15% below where the stock opened this morning. See more in (NASDAQ:WFM) Similar Articles: Stock Update: Whole Foods Market Inc (NASDAQ:WFM) – Whole Foods Market Expands Partnership with Coalition of Immokalee Workers Stock Update: Whole Foods Market Inc (NASDAQ:WFM) – Whole Foods Market® and Instacart Announce New Markets, Growth Plans Company Update: Whole Foods Market Inc (NASDAQ:WFM) – UnReal® Launches Limited Edition UNREAL LOVE Valentine’s Day Tins with Whole Foods Market®
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