Wells Fargo & Company assumed coverage on shares of SuperValu Inc. (NYSE:SVU) in a report released on Friday. The brokerage issued a market perform rating and a $16.00 target price on the stock.

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.

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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.

Analyst Recommendations for SuperValu (NYSE:SVU)

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