Deutsche Bank AG reaffirmed their hold rating on shares of SuperValu Inc. (NYSE:SVU) in a report issued on Wednesday, July 26th. The brokerage currently has a $28.00 price target on the stock, down from their prior price target of $35.00.
A number of other analysts also recently issued reports on the stock. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a buy rating in a report on Thursday, April 27th. Morgan Stanley reiterated an equal weight rating and issued a $24.50 price objective (down from $31.50) on shares of SuperValu in a report on Monday, June 19th. Telsey Advisory Group decreased their target price on shares of SuperValu from $38.50 to $31.50 and set a market perform rating for the company in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of SuperValu from a sell rating to a hold rating in a research note on Monday, May 8th. Finally, Guggenheim reissued a neutral rating on shares of SuperValu in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. SuperValu has a consensus rating of Hold and an average target price of $32.08.
Shares of SuperValu (NYSE:SVU) traded up 1.24% during mid-day trading on Wednesday, hitting $22.92. 501,277 shares of the stock were exchanged. SuperValu has a 1-year low of $20.30 and a 1-year high of $40.18. The firm has a market cap of $874.21 million, a price-to-earnings ratio of 1.41 and a beta of 2.06. The company’s 50-day moving average is $23.22 and its 200-day moving average is $25.81.
SuperValu (NYSE:SVU) last announced its earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by $0.07. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Equities research analysts anticipate that SuperValu will post $2.36 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of SuperValu during the fourth quarter worth about $14,230,000. Dimensional Fund Advisors LP boosted its stake in shares of SuperValu by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,278,051 shares of the company’s stock worth $24,649,000 after buying an additional 269,524 shares during the last quarter. FMR LLC boosted its stake in shares of SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock worth $1,993,000 after buying an additional 2,200 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of SuperValu by 33.4% in the first quarter. First Trust Advisors LP now owns 256,799 shares of the company’s stock worth $991,000 after buying an additional 64,302 shares during the last quarter. Finally, Princeton Alpha Management LP boosted its stake in shares of SuperValu by 295.5% in the first quarter. Princeton Alpha Management LP now owns 42,789 shares of the company’s stock worth $165,000 after buying an additional 31,969 shares during the last quarter. 80.47% of the stock is owned by institutional investors.
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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