SuperValu Inc. (NYSE:SVU) Given “Buy” Rating at Pivotal Research
Pivotal Research reissued their buy rating on shares of SuperValu Inc. (NYSE:SVU) in a research report report published on Wednesday. Pivotal Research currently has a $5.50 price objective on the stock.
“We can support a price target of $5.50 excluding any longer-term synergy benefits from Unified. Any sale/leaseback transaction in Wholesale or accretive M&A activity in the Retail segment would result in further upside to our $5.50 price target.”,” the firm’s analyst commented.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating and set a $3.50 price target (down previously from $4.50) on shares of SuperValu in a report on Monday, June 19th. Zacks Investment Research downgraded SuperValu from a hold rating to a sell rating in a report on Wednesday, June 21st. ValuEngine downgraded SuperValu from a buy rating to a hold rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $6.00 price target on SuperValu and gave the stock a buy rating in a report on Thursday, April 27th. Finally, Deutsche Bank AG reiterated a hold rating and set a $4.00 price target (down previously from $5.00) on shares of SuperValu in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. SuperValu has a consensus rating of Hold and a consensus price target of $4.70.
SuperValu (NYSE SVU) traded down 1.12% during trading on Wednesday, hitting $3.54. 2,280,773 shares of the company traded hands. The firm has a market capitalization of $945.18 million, a P/E ratio of 1.53 and a beta of 2.02. The stock has a 50-day moving average price of $3.36 and a 200-day moving average price of $3.75. SuperValu has a 12-month low of $2.90 and a 12-month high of $5.74.
SuperValu (NYSE:SVU) last issued its earnings results on Tuesday, July 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $0.19 earnings per share. SuperValu’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that SuperValu will post $0.31 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in SVU. State of Alaska Department of Revenue increased its stake in shares of SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares during the period. Sigma Planning Corp increased its stake in shares of SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares during the period. Texas Permanent School Fund increased its stake in shares of SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock valued at $643,000 after buying an additional 1,645 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after buying an additional 1,687 shares during the period. Finally, US Bancorp DE increased its position in shares of SuperValu by 2.5% in the second quarter. US Bancorp DE now owns 74,027 shares of the company’s stock worth $244,000 after buying an additional 1,836 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.
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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