SuperValu Inc. (NYSE:SVU)‘s stock had its “sell” rating reaffirmed by stock analysts at Goldman Sachs Group, Inc. (The) in a report released on Tuesday, Marketbeat.com reports. They presently have a $14.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential downside of 5.21% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada set a $42.00 target price on SuperValu and gave the stock a “buy” rating in a research report on Monday, August 28th. Pivotal Research set a $42.00 price target on shares of SuperValu and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, July 31st. Wells Fargo & Company assumed coverage on SuperValu in a research note on Friday, November 3rd. They issued a “market perform” rating and a $16.00 target price on the stock. Finally, 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 note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.50.
Shares of SuperValu (NYSE SVU) traded down $0.53 on Tuesday, reaching $14.77. The company’s stock had a trading volume of 2,293,400 shares, compared to its average volume of 804,865. 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 company has a market cap of $587.65, a price-to-earnings ratio of 6.51 and a beta of 2.30. SuperValu has a 1 year low of $14.55 and a 1 year high of $36.68.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company posted $0.70 EPS. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. analysts expect that SuperValu will post 2.26 earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of SuperValu by 11,576.6% during the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after acquiring an additional 40,904,886 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of SuperValu by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock worth $98,671,000 after acquiring an additional 682,044 shares during the last quarter. State Street Corp boosted its stake in shares of SuperValu by 7.7% during the 1st quarter. State Street Corp now owns 8,208,363 shares of the company’s stock worth $31,686,000 after acquiring an additional 586,022 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SuperValu by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after acquiring an additional 1,903,023 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of SuperValu by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock worth $17,775,000 after acquiring an additional 62,061 shares during the last quarter.
SuperValu Company Profile
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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