Albertsons Companies, Inc. (NYSE:ACI) Receives $21.58 Average PT from Analysts

Shares of Albertsons Companies, Inc. (NYSE:ACI) have been given a consensus rating of “Hold” by the sixteen research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.5833.

ACI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Albertsons Companies in a report on Thursday, January 8th. They set a “hold” rating for the company. Evercore decreased their target price on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a report on Tuesday, December 23rd. Wall Street Zen lowered Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. JPMorgan Chase & Co. reduced their price target on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Tuesday, January 27th.

Insiders Place Their Bets

In related news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total value of $863,870.00. Following the completion of the transaction, the executive vice president owned 289,429 shares in the company, valued at $5,102,633.27. The trade was a 14.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mason Investment Advisory Services Inc. grew its holdings in shares of Albertsons Companies by 0.7% in the 2nd quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock valued at $1,690,000 after buying an additional 524 shares during the period. ProShare Advisors LLC lifted its holdings in Albertsons Companies by 3.4% during the second quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock worth $384,000 after acquiring an additional 592 shares in the last quarter. Okabena Investment Services Inc. grew its stake in Albertsons Companies by 1.0% in the third quarter. Okabena Investment Services Inc. now owns 63,122 shares of the company’s stock valued at $1,105,000 after acquiring an additional 602 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Albertsons Companies by 32.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after acquiring an additional 625 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in shares of Albertsons Companies by 5.4% during the second quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock worth $302,000 after purchasing an additional 723 shares during the period. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $17.90 on Friday. The business has a 50 day simple moving average of $17.39 and a 200 day simple moving average of $18.00. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20. The company has a market capitalization of $9.20 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.54 and a beta of 0.48. Albertsons Companies has a one year low of $15.80 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The firm had revenue of $19.12 billion during the quarter, compared to analyst estimates of $19.18 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. On average, sell-side analysts forecast that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, January 23rd. Albertsons Companies’s dividend payout ratio is 38.71%.

About Albertsons Companies

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.