Whole Foods Market Reaches New 52-Week High (WFM)

NEW YORK ( TheStreet) -- Whole Foods Market (Nasdaq: WFM) hit a new 52-week high Monday as it is currently trading at $73.38, above its previous 52-week high of $73.33 with 417,444 shares traded as of 11:26 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Whole Foods Market has a market cap of $12.6 billion and is part of the services sector and retail industry. Shares are up 40.1% year to date as of the close of trading on Friday.

Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. The company has a P/E ratio of 38.5, above the average retail industry P/E ratio of 38.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Whole Foods Market as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. 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.

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