Albertsons Companies’ (ACI) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Albertsons Companies (NYSE:ACI) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $24.00 target price on the stock.

A number of other research analysts have also issued reports on the company. Roth Capital reiterated a “buy” rating and set a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. started coverage on shares of Albertsons Companies in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 target price on the stock. Barclays initiated coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 target price for the company. Finally, Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.81.

Albertsons Companies Stock Up 0.1%

ACI stock opened at $17.38 on Thursday. The firm has a market cap of $9.73 billion, a PE ratio of 10.59, a P/E/G ratio of 1.78 and a beta of 0.49. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. The firm’s fifty day moving average is $18.86 and its 200 day moving average is $20.65. Albertsons Companies has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, research analysts forecast that Albertsons Companies will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Peddock Capital Advisors LLC grew its position in shares of Albertsons Companies by 1.9% in the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock valued at $571,000 after purchasing an additional 504 shares in the last quarter. Mason Investment Advisory Services Inc. boosted its stake in Albertsons Companies by 0.7% during the second quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock worth $1,690,000 after buying an additional 524 shares during the last quarter. ProShare Advisors LLC grew its holdings in Albertsons Companies by 3.4% in the 2nd quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock valued at $384,000 after buying an additional 592 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Albertsons Companies by 0.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock valued at $1,791,000 after buying an additional 623 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Albertsons Companies by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after acquiring an additional 627 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.