Albertsons Companies (NYSE:ACI) Reaches New 52-Week Low – Here’s What Happened

Albertsons Companies, Inc. (NYSE:ACI)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $14.81 and last traded at $14.8310, with a volume of 10682617 shares trading hands. The stock had previously closed at $15.41.

Analysts Set New Price Targets

ACI has been the topic of several research analyst reports. Citigroup dropped their price target on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. UBS Group lowered their target price on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Albertsons Companies in a research note on Monday, April 6th. Finally, Weiss Ratings downgraded Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.31.

Albertsons Companies Stock Down 4.5%

The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. The stock has a market cap of $7.12 billion, a PE ratio of 45.02, a P/E/G ratio of 1.72 and a beta of 0.40. The business has a 50 day moving average price of $16.28 and a 200 day moving average price of $17.01.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.Albertsons Companies’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.11 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a dividend of $0.17 per share. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, April 24th. Albertsons Companies’s dividend payout ratio (DPR) is currently 212.50%.

Hedge Funds Weigh In On Albertsons Companies

A number of hedge funds have recently bought and sold shares of ACI. CWM LLC boosted its position in Albertsons Companies by 103.5% during the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 730 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Albertsons Companies by 185.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after purchasing an additional 1,057 shares in the last quarter. NBC Securities Inc. boosted its position in Albertsons Companies by 91.2% during the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after purchasing an additional 885 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Albertsons Companies by 172.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Elevation Wealth Partners LLC purchased a new position in Albertsons Companies during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.