New York State Common Retirement Fund Trims Stake in SuperValu Inc. (SVU)
New York State Common Retirement Fund cut its stake in shares of SuperValu Inc. (NYSE:SVU) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,300 shares of the company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund’s holdings in SuperValu were worth $893,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of SVU. BlackRock Inc. increased its position in shares of SuperValu by 11,576.6% during the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after acquiring an additional 40,904,886 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of SuperValu by 59.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock worth $9,113,000 after acquiring an additional 1,030,762 shares during the period. State Street Corp increased its position in shares of SuperValu by 7.7% during the first quarter. State Street Corp now owns 8,208,363 shares of the company’s stock worth $31,686,000 after acquiring an additional 586,022 shares during the period. Systematic Financial Management LP purchased a new position in shares of SuperValu during the second quarter worth approximately $1,880,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of SuperValu by 49.4% during the second quarter. TIAA CREF Investment Management LLC now owns 1,675,376 shares of the company’s stock worth $5,512,000 after acquiring an additional 554,216 shares during the period.
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SuperValu Inc. (NYSE SVU) opened at $17.25 on Monday. The firm has a market cap of $662.54, a PE ratio of 7.34 and a beta of 2.30. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. SuperValu’s revenue was up 35.5% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. analysts anticipate that SuperValu Inc. will post 2.26 EPS for the current fiscal year.
A number of equities analysts have recently commented on SVU shares. Royal Bank Of Canada set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Monday, August 28th. Deutsche Bank AG reaffirmed a “hold” rating and set a $28.00 target price (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, TheStreet lowered shares of SuperValu from a “c” rating to a “d+” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.29.
SuperValu Company Profile
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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