SuperValu Inc. (SVU) Receives Average Rating of “Hold” from Analysts
SuperValu Inc. (NYSE:SVU) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.69.
SVU has been the subject of a number of recent analyst reports. Zacks Investment Research raised SuperValu from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Pivotal Research reiterated a “buy” rating and issued a $7.00 target price (down previously from $8.00) on shares of SuperValu in a report on Tuesday, October 18th. Telsey Advisory Group reduced their target price on SuperValu from $6.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, September 9th. Deutsche Bank AG set a $5.00 target price on SuperValu and gave the company a “hold” rating in a report on Monday, September 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $7.00 target price on shares of SuperValu in a report on Thursday, July 28th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in SuperValu by 2.3% in the first quarter. State Street Corp now owns 9,814,595 shares of the company’s stock valued at $56,532,000 after buying an additional 224,193 shares during the period. UBS Group AG boosted its position in SuperValu by 490.4% in the first quarter. UBS Group AG now owns 179,063 shares of the company’s stock valued at $1,031,000 after buying an additional 148,733 shares during the period. Nuveen Asset Management LLC boosted 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 valued at $836,000 after buying an additional 20,923 shares during the period. Panagora Asset Management Inc. boosted 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 valued at $5,693,000 after buying an additional 632,673 shares during the period. Finally, Squarepoint Ops LLC boosted its position in SuperValu by 121.1% in the first quarter. Squarepoint Ops LLC now owns 97,917 shares of the company’s stock valued at $564,000 after buying an additional 53,632 shares during the period. Institutional investors and hedge funds own 82.49% of the company’s stock.
Shares of SuperValu (NYSE:SVU) traded up 1.92% during midday trading on Tuesday, reaching $4.77. The company’s stock had a trading volume of 1,484,920 shares. SuperValu has a 52 week low of $3.94 and a 52 week high of $7.17. The firm’s 50 day moving average is $4.69 and its 200 day moving average is $4.84. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.87 and a beta of 1.96.
SuperValu (NYSE:SVU) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. The business earned $3.87 billion during the quarter, compared to the consensus estimate of $3.95 billion. SuperValu had a negative return on equity of 46.28% and a net margin of 0.95%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Equities analysts forecast that SuperValu will post $0.63 EPS for the current fiscal year.
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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