United Natural Foods (NASDAQ UNFI) traded down $0.21 during trading on Friday, hitting $49.42. The company had a trading volume of 367,983 shares, compared to its average volume of 441,500. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82. United Natural Foods has a fifty-two week low of $29.53 and a fifty-two week high of $52.69. The company has a market capitalization of $2,490.00, a PE ratio of 19.16, a price-to-earnings-growth ratio of 3.08 and a beta of 1.46.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.60. The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.39 billion. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. During the same period in the previous year, the business posted $0.58 EPS. equities analysts predict that United Natural Foods will post 2.74 EPS for the current fiscal year.
United Natural Foods declared that its Board of Directors has initiated a share buyback program on Friday, October 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
In related news, Director Bates Ann Torre sold 7,190 shares of United Natural Foods stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $40.16, for a total transaction of $288,750.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Craig Harder Smith sold 6,253 shares of United Natural Foods stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.59, for a total value of $310,086.27. Following the transaction, the senior vice president now directly owns 14,871 shares in the company, valued at approximately $737,452.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,327 shares of company stock valued at $2,323,217. 1.40% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of United Natural Foods by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company's stock valued at $157,415,000 after purchasing an additional 24,028 shares during the period. Dimensional Fund Advisors LP increased its stake in United Natural Foods by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company's stock worth $177,554,000 after acquiring an additional 258,676 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of United Natural Foods by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company's stock worth $104,734,000 after purchasing an additional 84,579 shares in the last quarter. Kiltearn Partners LLP purchased a new position in shares of United Natural Foods in the 2nd quarter worth about $74,701,000. Finally, State Street Corp boosted its holdings in shares of United Natural Foods by 4.2% in the 2nd quarter. State Street Corp now owns 1,666,585 shares of the company's stock worth $61,167,000 after purchasing an additional 66,868 shares in the last quarter.
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United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company's segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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