Top Stock to Buy #5 – United Natural Foods (UNFI)
United Natural Foods (NASDAQ:UNFI) is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. Earnings have increased dramatically over the past four years, and the company is estimated to earn $2.25 in FY 2013 (ended July 31) versus $1.95 in FY 2012.
The stock is technically strong following a break from a cup-and-handle in January and the establishment of a strong bull channel. A golden cross was triggered in February, and in June, it was under heavy accumulation. Our buy under price is $52 with a target of $60. But point-and-figure analysis produces a target of over $80.