Source: Whole Foods Market

Whole Foods Market (NASDAQ:WFM) is down by almost 35% year to date as increased competition from both traditional retailers such as Wal-Mart (NYSE:WMT) and focused organics groceries like Sprouts Farmers Market (NASDAQ:SFM) is hurting the company's financial performance.

However, Whole Foods is still a market leader in an exciting category. The company enjoys solid competitive strengths and abundant opportunities for growth in the years ahead. From a long-term perspective, the lower the stock goes, the bigger the opportunity for investors.

The slideshow below contains some ideas for investors willing to explore Whole Foods, and the possibility of making an opportunistic purchase in this high-quality stock.

John Mackey, co-CEO of Whole Foods Market, is a member of The Motley Fool's board of directors. Andres Cardenal has no position in any stocks mentioned. The Motley Fool recommends Whole Foods Market. The Motley Fool owns shares of Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.