Federated Investors Inc. PA raised its stake in SuperValu Inc. (NYSE:SVU) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,286 shares of the company’s stock after purchasing an additional 50,307 shares during the period. Federated Investors Inc. PA owned 0.10% of SuperValu worth $922,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of SuperValu by 11,576.6% in 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 during the last quarter. UBS Oconnor LLC increased its holdings in shares of SuperValu by 323.4% in the first quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after purchasing an additional 7,044,616 shares during the last quarter. State Street Corp increased its holdings in shares of SuperValu by 7.7% in the first quarter. State Street Corp now owns 8,208,363 shares of the company’s stock valued at $31,686,000 after purchasing an additional 586,022 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SuperValu by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,396,791 shares of the company’s stock valued at $20,831,000 after purchasing an additional 118,740 shares during the last quarter. Finally, Clearline Capital LP increased its holdings in shares of SuperValu by 3.5% in the first quarter. Clearline Capital LP now owns 4,123,188 shares of the company’s stock valued at $15,915,000 after purchasing an additional 140,557 shares during the last quarter.
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SVU has been the topic of several research reports. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a “buy” rating in a report on Monday, August 28th. Pivotal Research set a $42.00 price objective on shares of SuperValu and gave the company a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Monday, July 31st. Deutsche Bank AG reissued a “hold” rating and issued a $28.00 target price (down previously from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $24.50 target price (down previously from $31.50) on shares of SuperValu in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. SuperValu presently has an average rating of “Hold” and an average target price of $32.67.
Shares of SuperValu Inc. (SVU) opened at 20.71 on Friday. The stock has a 50 day moving average of $21.80 and a 200-day moving average of $24.69. The company has a market cap of $789.92 million, a PE ratio of 1.28 and a beta of 2.11. SuperValu Inc. has a 12 month low of $19.16 and a 12 month high of $38.43.
SuperValu (NYSE:SVU) last announced its quarterly earnings data 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). SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that SuperValu Inc. will post $2.36 earnings per share for the current 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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