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

NEW YORK ( TheStreet) -- Whole Foods Market (Nasdaq: WFM) hit a new 52-week high Tuesday as it is currently trading at $84.58, above its previous 52-week high of $84.17 with 62,921 shares traded as of 9:35 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Whole Foods Market has a market cap of $13.93 billion and is part of the services sector and retail industry. Shares are up 20.4% year to date as of the close of trading on Monday.

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 40.5, above the average retail industry P/E ratio of 40.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Whole Foods Market as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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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