Shares of Supervalu Inc. (NYSE:SVU) dropped 6.7% during trading on Tuesday . The stock traded as low as $19.58 and last traded at $19.63. Approximately 2,009,866 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 1,086,393 shares. The stock had previously closed at $21.04.

SVU has been the subject of several recent analyst reports. Pivotal Research set a $39.00 target price on shares of Supervalu and gave the stock a “buy” rating in a research note on Tuesday, October 17th. ValuEngine upgraded shares of Supervalu from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Northcoast Research restated a “neutral” rating on shares of Supervalu in a research note on Thursday, October 19th. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Supervalu in a research note on Thursday, October 19th. Finally, Morgan Stanley reduced their price objective on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.81.

The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. The firm has a market cap of $638.73, a P/E ratio of 73.65 and a beta of 2.29.

Supervalu (NYSE:SVU) last announced its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.13. Supervalu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. sell-side analysts predict that Supervalu Inc. will post 2.26 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions 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 valued at $119,000 after purchasing an additional 246 shares during the period. The Manufacturers Life Insurance Company raised its position in Supervalu by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after acquiring an additional 1,492 shares during the last quarter. Rhumbline Advisers raised its position in Supervalu by 0.6% during the second quarter. Rhumbline Advisers now owns 538,755 shares of the company’s stock worth $1,773,000 after acquiring an additional 3,089 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Supervalu during the third quarter worth about $147,000. Finally, JPMorgan Chase & Co. raised its position in Supervalu by 0.6% during the second quarter. JPMorgan Chase & Co. now owns 1,140,277 shares of the company’s stock worth $3,751,000 after acquiring an additional 6,935 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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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.

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