Shares of SuperValu Inc. (NYSE:SVU) rose 6% on Friday . The company traded as high as $16.47 and last traded at $16.32. Approximately 1,401,527 shares traded hands during mid-day trading, an increase of 73% from the average daily volume of 807,824 shares. The stock had previously closed at $15.40.

SVU has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $42.00 target price on SuperValu and gave the stock a “buy” rating in a research note on Monday, August 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $28.00 target price (down previously from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. TheStreet downgraded SuperValu from a “c” rating to a “d+” rating in a research report on Wednesday, October 18th. Pivotal Research set a $39.00 price target on SuperValu and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded SuperValu from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.50.

The firm has a market capitalization of $591.49, a PE ratio of 6.29 and a beta of 2.29. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76.

SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year. equities analysts forecast that SuperValu Inc. will post 2.26 EPS for the current year.

A number of hedge funds have recently modified their holdings of SVU. BlackRock Inc. boosted its position in SuperValu by 11,576.6% during the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after purchasing an additional 40,904,886 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in SuperValu by 35.3% during the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock valued at $24,016,000 after purchasing an additional 1,903,023 shares in the last quarter. Cooper Creek Partners Management LLC boosted its position in SuperValu by 60.8% during the second quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock valued at $15,849,000 after purchasing an additional 1,820,941 shares in the last quarter. Gotham Asset Management LLC bought a new stake in SuperValu during the second quarter valued at about $4,222,000. Finally, Schwab Charles Investment Management Inc. boosted its position in SuperValu by 59.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock valued at $9,113,000 after purchasing an additional 1,030,762 shares in the last quarter.

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About SuperValu

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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