SuperValu Inc. (SVU) Reaches New 1-Year Low at $18.61
Shares of SuperValu Inc. (NYSE:SVU) hit a new 52-week low during trading on Monday . The company traded as low as $18.61 and last traded at $18.83, with a volume of 949,685 shares traded. The stock had previously closed at $20.20.
A number of brokerages recently commented on SVU. Zacks Investment Research lowered SuperValu from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Morgan Stanley reiterated an “equal weight” rating and set a $24.50 price target (down from $31.50) on shares of SuperValu in a report on Monday, June 19th. BidaskClub lowered SuperValu from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Pivotal Research reiterated a “buy” rating and set a $38.50 price target on shares of SuperValu in a report on Wednesday, July 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $28.00 price target (down from $35.00) on shares of SuperValu in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. SuperValu presently has a consensus rating of “Hold” and a consensus price target of $32.67.
The stock’s market capitalization is $721.50 million. The stock has a 50 day moving average price of $20.71 and a 200-day moving average price of $24.18.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.07). The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. SuperValu’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. On average, analysts predict that SuperValu Inc. will post $2.36 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SVU. BlackRock Inc. lifted its holdings in shares of SuperValu by 11,576.6% during the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after buying an additional 40,904,886 shares during the period. UBS Oconnor LLC lifted its holdings in shares of SuperValu by 323.4% during the 1st quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after buying an additional 7,044,616 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of SuperValu by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock valued at $24,016,000 after buying an additional 1,903,023 shares during the period. Cooper Creek Partners Management LLC lifted its holdings in shares of SuperValu by 60.8% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock valued at $15,849,000 after buying an additional 1,820,941 shares during the period. Finally, Gotham Asset Management LLC bought a new position in shares of SuperValu during the 2nd quarter valued at $4,222,000.
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SuperValu Company Profile
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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