An issue of Supervalu Inc. (NYSE:SVU) debt fell 2.4% against its face value during trading on Wednesday. The high-yield issue of debt has a 6.75% coupon and is set to mature on June 1, 2021. The bonds in the issue are now trading at $98.13 and were trading at $100.38 one week ago. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.

Several research analysts have recently commented on the stock. Royal Bank of Canada set a $34.00 price target on shares of Supervalu and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Supervalu from a “hold” rating to a “sell” rating in a report on Thursday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $18.00 price target (down from $24.00) on shares of Supervalu in a report on Thursday. ValuEngine raised shares of Supervalu from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and issued a $14.00 price target on shares of Supervalu in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Supervalu presently has a consensus rating of “Hold” and a consensus target price of $24.69.

Supervalu Inc. (NYSE:SVU) traded down $0.14 during trading on Friday, reaching $16.33. 2,520,000 shares of the company’s stock were exchanged, compared to its average volume of 1,390,000. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.21 and a quick ratio of 0.57. The firm has a market cap of $627.21, a price-to-earnings ratio of 71.00 and a beta of 2.29. Supervalu Inc. has a 52-week low of $14.55 and a 52-week high of $31.29.

Supervalu (NYSE:SVU) last posted its earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4 billion. Supervalu had a net margin of 4.08% and a return on equity of 41.33%. Supervalu’s revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. research analysts anticipate that Supervalu Inc. will post 2.26 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of SVU. Russell Investments Group Ltd. boosted its stake in Supervalu by 356.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 130,500 shares of the company’s stock valued at $429,000 after purchasing an additional 101,890 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Supervalu by 59.3% during the 2nd 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 during the period. Rhumbline Advisers boosted its stake in Supervalu by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 538,755 shares of the company’s stock valued at $1,773,000 after purchasing an additional 3,089 shares during the period. SG Americas Securities LLC boosted its stake in Supervalu by 103.7% during the 2nd quarter. SG Americas Securities LLC now owns 89,581 shares of the company’s stock valued at $295,000 after purchasing an additional 45,607 shares during the period. Finally, Legal & General Group Plc boosted its stake in Supervalu by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 1,220,105 shares of the company’s stock valued at $4,011,000 after purchasing an additional 10,266 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

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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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