Barclays maintains an 'Equalweight' on Whole Foods Market (WFMI); 3Q11 Earnings Preview
WFMI Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
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Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Barclays maintains an 'Equalweight' on Whole Foods Market (NASDAQ: WFMI) price target of $54.00.
Barclays analyst says, "We are maintaining our 3Q11 EPS estimate of $0.48, which is in line with consensus. Our identical-store sales (id's) estimate is 8.0% and includes an approximate benefit of 50 bp from the Easter shift; id's adjusted for the Easter shift increased about 7.9% through the first three weeks of 3Q11. Our forecast is for the gross margin to expand by 25 bp, mostly driven by leverage on occupancy costs because of the strong sales. We forecast direct store expenses to grow 11.0% and corporate expense to increase 8.0%."
For more ratings news on Whole Foods Market click here and for the rating history of Whole Foods Market click here.
Shares of Whole Foods Market closed at $59.95 yesterday, with a 52 week range of $33.96-$66.87.
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Barclays analyst says, "We are maintaining our 3Q11 EPS estimate of $0.48, which is in line with consensus. Our identical-store sales (id's) estimate is 8.0% and includes an approximate benefit of 50 bp from the Easter shift; id's adjusted for the Easter shift increased about 7.9% through the first three weeks of 3Q11. Our forecast is for the gross margin to expand by 25 bp, mostly driven by leverage on occupancy costs because of the strong sales. We forecast direct store expenses to grow 11.0% and corporate expense to increase 8.0%."
For more ratings news on Whole Foods Market click here and for the rating history of Whole Foods Market click here.
Shares of Whole Foods Market closed at $59.95 yesterday, with a 52 week range of $33.96-$66.87.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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Huh?
McFly on Jul 24, 2011 04:36 AMMark as Spam
This stock closed at $66.13 of the 22nd of July, 2011.