SuperValu Inc. (SVU) Given Consensus Recommendation of “Hold” by Brokerages
Shares of SuperValu Inc. (NYSE:SVU) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.81.
Several equities analysts recently weighed in on the company. Pivotal Research reiterated a “buy” rating and set a $8.00 target price on shares of SuperValu in a research report on Tuesday. RBC Capital Markets reiterated a “sector perform” rating and set a $6.00 target price (down from $7.00) on shares of SuperValu in a research report on Friday, September 9th. Royal Bank Of Canada reduced their target price on SuperValu from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Friday, September 9th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $5.00 price target on shares of SuperValu in a research note on Tuesday, July 26th. Finally, Morgan Stanley dropped their price target on SuperValu from $5.50 to $5.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th.
Several large investors have recently bought and sold shares of SVU. BNP Paribas Arbitrage SA raised its stake in shares of SuperValu by 836.9% in the second quarter. BNP Paribas Arbitrage SA now owns 164,192 shares of the company’s stock worth $775,000 after buying an additional 146,667 shares during the period. Squarepoint Ops LLC increased its position in SuperValu by 121.1% in the first quarter. Squarepoint Ops LLC now owns 97,917 shares of the company’s stock worth $564,000 after buying an additional 53,632 shares in the last quarter. Panagora Asset Management Inc. increased its position in SuperValu by 177.9% in the first quarter. Panagora Asset Management Inc. now owns 988,308 shares of the company’s stock worth $5,693,000 after buying an additional 632,673 shares in the last quarter. Springbok Capital Management LLC increased its position in SuperValu by 195.8% in the first quarter. Springbok Capital Management LLC now owns 106,800 shares of the company’s stock worth $615,000 after buying an additional 70,700 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in SuperValu by 16.8% in the first quarter. Nuveen Asset Management LLC now owns 145,183 shares of the company’s stock worth $836,000 after buying an additional 20,923 shares in the last quarter. Institutional investors and hedge funds own 82.17% of the company’s stock.
Shares of SuperValu (NYSE:SVU) traded down 5.28% during trading on Tuesday, hitting $5.02. The stock had a trading volume of 4,251,669 shares. The stock has a 50-day moving average of $4.97 and a 200 day moving average of $4.98. SuperValu has a 12-month low of $3.94 and a 12-month high of $7.28. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 8.42 and a beta of 1.92.
SuperValu (NYSE:SVU) last released its earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. SuperValu had a negative return on equity of 43.67% and a net margin of 0.94%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the company posted $0.23 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts predict that SuperValu will post $0.63 earnings per share for the current fiscal year.
SuperValu Company Profile
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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