SuperValu Inc. (SVU) Receives $33.00 Consensus Target Price from Brokerages
Shares of SuperValu Inc. (NYSE:SVU) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.80.
A number of brokerages have recently weighed in on SVU. Zacks Investment Research cut shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet cut shares of SuperValu from a “c” rating to a “d+” rating in a research note on Wednesday. Northcoast Research reaffirmed a “neutral” rating on shares of SuperValu in a research note on Thursday. BidaskClub cut shares of SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $38.50 target price on shares of SuperValu in a research note on Wednesday, July 26th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of SuperValu by 0.7% during the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after acquiring an additional 246 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of SuperValu by 5.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after acquiring an additional 1,687 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of SuperValu by 2.5% during the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares in the last quarter. Hartford Investment Management Co. acquired a new position in shares of SuperValu during the 2nd quarter valued at $149,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of SuperValu by 10.4% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock valued at $155,000 after acquiring an additional 3,790 shares in the last quarter.
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SuperValu (SVU) traded down 4.27% during midday trading on Thursday, hitting $15.03. The stock had a trading volume of 4,613,364 shares. The firm has a market cap of $573.27 million, a P/E ratio of 0.93 and a beta of 2.13. The stock has a 50-day moving average price of $20.32 and a 200 day moving average price of $23.87. SuperValu has a 12-month low of $14.55 and a 12-month high of $36.68.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the company posted $0.70 EPS. The company’s revenue was up 35.5% on a year-over-year basis. On average, equities analysts anticipate that SuperValu will post $2.30 earnings per share for the current fiscal year.
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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