Short Interest in SuperValu Inc. (SVU) Decreases By 86.8%

SuperValu Inc. (NYSE:SVU) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 2,516,007 shares, a drop of 86.8% from the July 31st total of 19,088,485 shares. Based on an average trading volume of 818,789 shares, the short-interest ratio is presently 3.1 days.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in SuperValu by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock worth $114,000 after purchasing an additional 770 shares in the last quarter. Amalgamated Bank increased its stake in SuperValu by 0.7% during the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in SuperValu by 5.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after purchasing an additional 1,687 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in SuperValu during the 1st quarter worth approximately $135,000. Finally, Sigma Planning Corp increased its stake in SuperValu by 2.5% during the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares in the last quarter.

SVU has been the topic of several analyst reports. Zacks Investment Research downgraded shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Monday, August 28th. Deutsche Bank AG reissued a “hold” rating and issued a $28.00 target price (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. ValuEngine downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. 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 stock. The company has an average rating of “Hold” and a consensus target price of $32.67.

Shares of SuperValu (SVU) traded up 3.19% on Friday, reaching $20.71. 1,029,064 shares of the company were exchanged. SuperValu has a 12 month low of $19.16 and a 12 month high of $38.43. The stock has a 50 day moving average price of $21.80 and a 200-day moving average price of $24.69. The stock has a market capitalization of $789.92 million, a P/E ratio of 1.28 and a beta of 2.11.

SuperValu (NYSE:SVU) last posted its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the company posted $1.33 earnings per share. SuperValu’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts expect that SuperValu will post $2.36 EPS for the current fiscal year.

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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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