Supervalu Inc. (NYSE:SVU) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.56.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Supervalu from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, March 13th. Goldman Sachs Group set a $14.00 target price on shares of Supervalu and gave the company a “sell” rating in a research report on Thursday, April 5th. Credit Suisse Group assumed coverage on shares of Supervalu in a research report on Tuesday, April 17th. They issued an “underperform” rating and a $15.00 target price for the company. ValuEngine downgraded shares of Supervalu from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $24.00 target price on shares of Supervalu in a research report on Monday, April 23rd.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Supervalu by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 293,999 shares of the company’s stock valued at $4,478,000 after acquiring an additional 6,974 shares during the period. Royal Bank of Canada grew its position in shares of Supervalu by 423.0% in the 1st quarter. Royal Bank of Canada now owns 86,829 shares of the company’s stock valued at $1,322,000 after acquiring an additional 70,226 shares during the period. Scopus Asset Management L.P. grew its position in shares of Supervalu by 67.1% in the 1st quarter. Scopus Asset Management L.P. now owns 1,420,000 shares of the company’s stock valued at $21,627,000 after acquiring an additional 570,000 shares during the period. Saba Capital Management L.P. grew its position in shares of Supervalu by 29.6% in the 1st quarter. Saba Capital Management L.P. now owns 410,725 shares of the company’s stock valued at $6,255,000 after acquiring an additional 93,859 shares during the period. Finally, Contrarian Capital Management L.L.C. bought a new position in shares of Supervalu in the 1st quarter valued at about $2,712,000. 90.54% of the stock is owned by institutional investors.
Shares of NYSE:SVU opened at $21.39 on Tuesday. Supervalu has a 12 month low of $13.60 and a 12 month high of $26.51. The company has a current ratio of 1.20, a quick ratio of 0.57 and a debt-to-equity ratio of 3.69. The firm has a market cap of $819.87 million, a P/E ratio of 10.38 and a beta of 1.23.
Supervalu (NYSE:SVU) last issued its quarterly earnings data on Tuesday, April 24th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.18). Supervalu had a return on equity of 20.95% and a net margin of 0.29%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up 42.1% on a year-over-year basis. research analysts predict that Supervalu will post 1.85 earnings per share for the current fiscal year.
SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States and internationally. It operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.
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