ValuEngine lowered shares of SuperValu Inc. (NYSE:SVU) from a buy rating to a hold rating in a report released on Friday, September 1st.
SVU has been the subject of several other reports. Zacks Investment Research cut shares of SuperValu from a buy rating to a hold rating in a report on Wednesday, August 9th. Morgan Stanley reissued an equal weight rating and set a $24.50 target price (down from $31.50) on shares of SuperValu in a research note on Monday, June 19th. BidaskClub lowered shares of SuperValu from a sell rating to a strong sell rating in a research note on Friday, August 11th. Pivotal Research restated a buy rating and issued a $38.50 price target on shares of SuperValu in a research report on Wednesday, July 26th. Finally, 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 report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. SuperValu presently has an average rating of Hold and a consensus target price of $32.67.
SuperValu (NYSE SVU) opened at 20.71 on Friday. The stock has a 50 day moving average price of $21.80 and a 200-day moving average price of $24.69. SuperValu has a one year low of $19.16 and a one year high of $38.43. The stock has a market cap of $789.92 million, a PE ratio of 1.28 and a beta of 2.11.
SuperValu (NYSE:SVU) last released 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $1.33 EPS. SuperValu’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts expect that SuperValu will post $2.36 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its holdings 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 valued at $114,000 after purchasing an additional 770 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after acquiring an additional 1,687 shares during the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of SuperValu in the first quarter worth about $135,000. Amalgamated Bank raised its stake in shares of SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after acquiring an additional 246 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock worth $155,000 after acquiring an additional 3,790 shares during the last quarter.
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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