SuperValu Inc. (SVU) Short Interest Update
SuperValu Inc. (NYSE:SVU) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 2,516,007 shares, a drop of 86.8% from the July 31st total of 19,088,485 shares. Based on an average trading volume of 818,789 shares, the short-interest ratio is presently 3.1 days.
A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Monday, August 28th. Pivotal Research set a $42.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of SuperValu from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.67.
SuperValu (NYSE SVU) opened at 19.82 on Monday. The company has a 50-day moving average of $22.74 and a 200-day moving average of $25.17. SuperValu has a 52-week low of $19.16 and a 52-week high of $40.18. The stock has a market capitalization of $755.97 million, a price-to-earnings ratio of 1.22 and a beta of 2.12.
SuperValu (NYSE:SVU) last issued its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business earned $1.33 earnings per share. SuperValu’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that SuperValu will post $2.36 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank increased its position in SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after buying an additional 246 shares during the period. State of Alaska Department of Revenue increased its position in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock worth $114,000 after buying an additional 770 shares during the period. Sigma Planning Corp increased its position in SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company increased its position in SuperValu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after buying an additional 1,492 shares during the period. Finally, Texas Permanent School Fund increased its position in SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock worth $643,000 after buying an additional 1,645 shares during the period.
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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