SuperValu Inc. (SVU) Now Covered by Analysts at Wells Fargo & Company
Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada set a $42.00 price objective on SuperValu and gave the stock a buy rating in a report on Monday, August 28th. Deutsche Bank AG reaffirmed a hold rating and set a $28.00 price objective (down from $35.00) on shares of SuperValu in a report on Wednesday, July 26th. Zacks Investment Research cut SuperValu from a buy rating to a hold rating in a report on Thursday, July 27th. Pivotal Research set a $42.00 price objective on SuperValu and gave the stock a buy rating in a report on Wednesday, August 23rd. Finally, TheStreet cut SuperValu from a c rating to a d+ rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $28.29.
Shares of SuperValu (NYSE:SVU) traded up $0.83 during mid-day trading on Friday, reaching $17.25. The company had a trading volume of 1,514,912 shares, compared to its average volume of 1,924,218. The stock has a market capitalization of $662.54, a price-to-earnings ratio of 7.34 and a beta of 2.30. The company has a quick ratio of 0.57, a current ratio of 1.21 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, topping the consensus estimate of $0.35 by $0.11. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. SuperValu’s revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. research analysts forecast that SuperValu will post 2.26 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SVU. Amalgamated Bank raised its holdings 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 during the last quarter. Public Employees Retirement System of Ohio raised its holdings 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 during the last quarter. Sigma Planning Corp grew its position in shares of SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the period. Hartford Investment Management Co. purchased a new stake in shares of SuperValu in the second quarter valued at $149,000. Finally, State of Alaska Department of Revenue grew its position in shares of SuperValu by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 52,551 shares of the company’s stock valued at $172,000 after purchasing an additional 23,011 shares during the period.
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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