SuperValu Inc. (SVU) Announces Earnings Results, Hits Expectations
SuperValu Inc. (NYSE:SVU) released its quarterly earnings results on Wednesday. The company reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.95 billion. SuperValu had a negative return on equity of 43.67% and a net margin of 0.94%.
SuperValu (NYSE:SVU) opened at 5.02 on Wednesday. The stock’s 50 day moving average is $4.98 and its 200-day moving average is $4.98. The company has a market cap of $1.33 billion, a PE ratio of 8.42 and a beta of 1.92. SuperValu has a 52-week low of $3.94 and a 52-week high of $7.28.
SVU has been the topic of a number of research analyst reports. Zacks Investment Research upgraded SuperValu from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Monday, July 4th. Telsey Advisory Group decreased their price target on SuperValu from $6.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, September 9th. Deutsche Bank AG set a $5.00 price target on SuperValu and gave the stock a “hold” rating in a research report on Monday, September 12th. Royal Bank Of Canada restated a “sector perform” rating and set a $7.00 price target on shares of SuperValu in a research report on Thursday, July 28th. Finally, Morgan Stanley decreased their price target on SuperValu from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.75.
Institutional investors have recently modified their holdings of the company. Profund Advisors LLC boosted its position in shares of SuperValu by 10.3% in the second quarter. Profund Advisors LLC now owns 44,719 shares of the company’s stock worth $211,000 after buying an additional 4,187 shares during the last quarter. Algert Global LLC boosted its position in shares of SuperValu by 1.2% in the second quarter. Algert Global LLC now owns 70,181 shares of the company’s stock worth $331,000 after buying an additional 819 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of SuperValu by 6.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,481 shares of the company’s stock worth $101,000 after buying an additional 1,387 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of SuperValu during the second quarter worth approximately $983,000. Finally, TFS Capital LLC boosted its position in shares of SuperValu by 40.7% in the second quarter. TFS Capital LLC now owns 369,299 shares of the company’s stock worth $1,743,000 after buying an additional 106,886 shares during the last quarter. Institutional investors own 82.17% of the company’s stock.
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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