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United Natural Foods Inc. (UNFI) on September 29, 2020 reported that Net sales from continuing operations in the fourth quarter of fiscal 2020 were $6.75 billion compared to $6.26 billion last year when excluding the additional week in fiscal 2019, which accounted for $475 million in net sales last year. The increase in net sales on a 13 week comparable basis was driven by strong customer demand as well as the benefits from cross selling. Retail identical store sales for the fourth quarter of fiscal 2020 increased 21.0% compared to the fourth quarter of fiscal 2019.
Gross margin rate in the fourth quarter of fiscal 2020 was 14.81% of net sales compared to 14.40% of net sales for the fourth quarter of fiscal 2019. Retail contributed approximately 29 basis points of the increase due to a higher gross margin rate driven by lower promotional spending and the retail segment representing a greater percentage of total net sales. Wholesale contributed the remaining 12 basis points of the increase primarily due to lower inbound freight expense and a lower LIFO charge.
Operating expenses in the fourth quarter of fiscal 2020 were $884.1 million, or 13.09% of net sales, compared to $894.3 million, or 13.29% of net sales in the fourth quarter of fiscal 2019. The decrease in operating expenses as a percent of net sales was driven by leveraging fixed operating and administrative expenses over higher revenues as well as the benefit of synergy and integration efforts, partially offset by $31 million, or 45 basis points of net sales, of incremental costs related to COVID-19.
Northcoast announced it was Upgrade coverage of United Natural Foods Inc. in a research note on September 23, 2020. MKM Partners rated the stock as a Buy in a research noted published on July 30, 2020. BTIG Research rated the stock as a Neutral in a research note published on July 17, 2020.
Bates Ann Torre, the Director of United Natural Foods Inc., bought 4000.0 shares at the valuation of $5.43 during an exchange that occurred on Mar 13, which implies that Bates Ann Torre is holding 4,000 shares at the estimation of $21,720.
In another transaction, on Mar 13, Director of United Natural Foods Inc., Bates Ann Torre, bought 20000.0 shares at the price of $5.48. After this activity, Bates Ann Torre now keeps 37,970 shares of United Natural Foods Inc., esteemed at $109,600.
UNFI Recent Trade
The share price of UNFI descended by -$1.59 during the exchanging session on 09/30/20 to exchange at $14.87. United Natural Foods Inc. stock has an exchanging volume of 5.66 million shares, which is high, contrasted with its 3-months average volume of 1.03M shares. Its market capitalization has now reached to $805.51M and analysts have a consensus target price of $23.25 in the 12-month period.
UNFI Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, UNFI price has dropped by -14.44%. In the course of past three months sees the stock go down around -15.56%, while it has gain 68.02% over the past six months and 69.75% since the start of the year.
UNFI Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Oct 2020), the firm recorded a revenue of 6.67 billion, which was lesser than the gauge of 6.76B made by certain experts. For that equivalent quarter, United Natural Foods Inc. posted $1.06 earnings per share (EPS) which was above the consensus estimate of $0.74 by $0.32, which represents to an expansion by 43.20%.
UNFI Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on United Natural Foods Inc. has seen its stock exchanging -31.73% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +0.47% above its three-month low. A more extensive look sees UNFI exchanging -36.40% beneath its 52-week high and 197.40% above from its 52-week low price.
UNFI Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 8.66%, while it has a month to month instability of 7.29%. The company has an ATR (Average True Range) of 1.34 and a beta factor of 1.37.