Wall Street’s most bullish United Natural Foods, Inc. (NYSE:UNFI) analysts are predicting the share price to blow past $30 per share during the next 12 months. The current median share price forecast by them is $13.5, suggesting that the stock could increase -1.1% in that time frame. The average price target of $14 calls for a nearly 2.56% increase in the stock price.
iShares Core S&P Smallcap ETF revealed as top hedge fund owner in United Natural Foods, Inc. (UNFI) with a stake of over 3M UNFI shares as of February 27, with a market value of approx. $45.1M as of today. The second largest holder, DFA U.S. Small Cap Value Series, with 1.5M shares which equates to $32.62M worth of the stock. At third is Vanguard Small-Cap Index Fund, which stood pat with 1.29M shares, a 5.47% position in United Natural Foods, Inc., worth $38.63M. The insider holding in stood at 0.7% while institutions hold 0%.
United Natural Foods, Inc. (NYSE:UNFI) rose 0.22% in recent trade and currently has a stock-market value of $705.98M. The shares finished at $13.65, after trading as low as $13.62 earlier in the session. It hit an intraday high Friday at $13.92. Trading activity significantly weakened as the volume at ready counter decreased to 564,781 shares versus 989,215 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,545,123 shares. The stock is now 47.89% above against its bear-market low of $9.23 on December 26, 2018. It has retreated -249.67% since it’s 52-week high of $47.73 reached in May. Now the market price is down -69.28% on the year and up 28.9% YTD.
UNFI stock’s 50 day simple moving average (SMA 50) price is $13.86 and its 200-day simple moving average (SMA 200) price is $23.46. The company’s stock currently has a total float of 49.86M shares. Its weekly volatility is hovering around 3.18% and felt 3.66% volatility in price over a month. On the upside, the share price will test short term resistance at around $13.84. On a downside, the stock is likely to find some support, which begins at $13.54. The failure to get near-term support could push it to $13.43.
It had seen a negative analyst call from Pivotal Research Group, which downgraded the stock from Hold to Sell on March 07. Analysts at Pivotal Research Group, shed their negative views on December 11 by lifting it fromSell to Hold. The stock lost favor of Argus analysts who expressed their lack of confidence in it using a downgrade from Buy to Hold on December 11. Goldman, released new analyst coverage on October 30, calling the stock is Sell.
Moreover, it trades for 6.7 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.47x price/book and 0.05x price/sales. Compared to others, United Natural Foods, Inc. is in a different league with regards to profitability, having net margins of -1.9%. To put some perspective around this, the industry’s average net margin is 3.35%. UNFI’s ROE is -15.8%, which is also considerably worse than the industry’s ROE of 7.49%. It’s also very liquid in the near term, with a current ratio of 1.7. The stock has a debt/capital of 2.18.
Shares of UNFI have dropped -9.1% since the company’s most recent earnings report. Over the past 12 fiscal quarters, United Natural Foods, Inc. (NYSE:UNFI) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 3 quarters (25%), whereas at 1 occasion EPS met analyst expectations. UNFI last reported earnings that exceeded expectations. The company raked in $0.44 per share, -99.55% change on the same period last year. That was better than consensus for $0.22. Revenue for the recent quarter stood at $6.15 billion, up 143% on last year and above the $6 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.73 billion to $6.21 billion, which should be compared with $0 generated last year. EPS is seen in a range of $0.11 to $0.35, against the 0 reported a year ago.