Albertsons Companies (NYSE:ACI) Earns Outperform Rating from Royal Bank Of Canada

Albertsons Companies (NYSE:ACI)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $13.00 target price on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 6.42% from the company’s current price.

A number of other research firms have also recently commented on ACI. Citigroup reissued a “neutral” rating and issued a $11.00 target price (down from $17.00) on shares of Albertsons Companies in a report on Monday, July 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Albertsons Companies in a research report on Wednesday, August 26th. JPMorgan Chase & Co. dropped their price objective on shares of Albertsons Companies from $20.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. BMO Capital Markets lowered shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their target price for the company from $23.00 to $12.00 in a research report on Friday, July 24th. Finally, Barclays cut their target price on shares of Albertsons Companies from $17.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.31.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $12.22 on Wednesday. The firm has a 50 day moving average of $12.14 and a 200-day moving average of $14.28. Albertsons Companies has a 12 month low of $10.86 and a 12 month high of $20.00. The company has a current ratio of 0.84, a quick ratio of 0.21 and a debt-to-equity ratio of 5.22. The stock has a market capitalization of $5.93 billion, a PE ratio of 152.70, a PEG ratio of 2.08 and a beta of 0.40.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The firm had revenue of $24.94 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the business earned $0.55 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. On average, equities research analysts predict that Albertsons Companies will post 1.65 EPS for the current fiscal year.

Insider Activity at Albertsons Companies

In related news, EVP Thomas M. Moriarty acquired 170,500 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was acquired at an average cost of $11.51 per share, for a total transaction of $1,962,455.00. Following the completion of the acquisition, the executive vice president directly owned 308,946 shares of the company’s stock, valued at approximately $3,555,968.46. This trade represents a 123.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sharon Mccollam bought 9,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $11.48 per share, with a total value of $103,320.00. Following the completion of the transaction, the chief financial officer owned 567,051 shares in the company, valued at $6,509,745.48. The trade was a 1.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 218,909 shares of company stock worth $2,515,826 in the last quarter. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Albertsons Companies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Albertsons Companies by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock worth $255,855,000 after acquiring an additional 1,583,741 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Albertsons Companies by 53.4% in the second quarter. Squarepoint Ops LLC now owns 2,209,622 shares of the company’s stock valued at $29,896,000 after acquiring an additional 769,503 shares during the last quarter. Bank of America Corp DE increased its position in Albertsons Companies by 43.8% during the 1st quarter. Bank of America Corp DE now owns 1,899,233 shares of the company’s stock valued at $32,363,000 after purchasing an additional 578,401 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Albertsons Companies by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,179,432 shares of the company’s stock valued at $88,258,000 after purchasing an additional 430,101 shares during the period. Finally, River Road Asset Management LLC bought a new position in Albertsons Companies during the 4th quarter worth approximately $6,366,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. The company operates supermarkets, pharmacies and related retail businesses under banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Carrs and Haggen.

Its stores offer groceries, fresh produce, meat and seafood, bakery and deli items, household products, health and beauty products, and pharmacy services. Albertsons also provides private-label products, fuel at select locations, grocery delivery and pickup, digital shopping tools, and customer loyalty programs.

The company’s history traces to 1939, when Joe Albertson opened the first Albertsons store in Boise.