SuperValu Inc. (SVU) Debt Trading 1% Lower
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.
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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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