An issue of SuperValu Inc. (NYSE:SVU) debt fell 1% as a percentage of its face value during trading on Tuesday. The high-yield issue of debt has a 6.75% coupon and is set to mature on June 1, 2021. The debt is now trading at $95.25 and was trading at $96.00 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price.

SVU has been the topic of a number of analyst reports. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a “buy” rating in a research report on Monday, August 28th. Pivotal Research set a $42.00 price target on SuperValu and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, July 31st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $28.00 price target (down previously from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.50 price target (down previously from $31.50) on shares of SuperValu in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.67.

Shares of SuperValu Inc. (NYSE SVU) traded up 3.03% during midday trading on Tuesday, hitting $19.38. The stock had a trading volume of 1,569,833 shares. SuperValu Inc. has a one year low of $18.50 and a one year high of $38.43. The stock has a 50 day moving average of $20.71 and a 200-day moving average of $24.18. The company has a market cap of $739.19 million, a P/E ratio of 1.20 and a beta of 2.13.

SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.07). SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $1.33 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Analysts forecast that SuperValu Inc. will post $2.23 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its stake in shares of SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after acquiring an additional 246 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake 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 acquiring an additional 1,687 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Hartford Investment Management Co. acquired a new position in shares of SuperValu in the second quarter worth about $149,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock worth $155,000 after acquiring an additional 3,790 shares in the last quarter.

WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/supervalu-inc-svu-debt-trading-1-lower/1637313.html.

About SuperValu

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.

Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.