Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Whole Foods Market fell $0.60 (-1.2%) to $51.01 on average volume. Throughout the day, 4,198,955 shares of Whole Foods Market exchanged hands as compared to its average daily volume of 3,512,700 shares. The stock ranged in price between $50.62-$51.86 after having opened the day at $51.71 as compared to the previous trading day's close of $51.61. Other companies within the Retail industry that declined today were:
), down 8.2%,
), down 6.4%,
), down 6.2% and
), down 6.0%.
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Whole Foods Market, Inc. operates as a retailer of natural and organic foods. Whole Foods Market has a market cap of $19.2 billion and is part of the services sector. The company has a P/E ratio of 35.0, above the S&P 500 P/E ratio of 17.7. Shares are down 10.8% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Whole Foods Market a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Whole Foods Market
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Whole Foods Market Ratings Report.
On the positive front,
), up 4.6%,
), up 3.3%,
), up 3.2% and
), up 2.9% , were all gainers within the retail industry with
) being today's featured retail industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider
) while those bearish on the retail industry could consider
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