Pivotal Research set a $39.00 target price on SuperValu Inc. (NYSE:SVU) in a report issued on Tuesday, October 17th, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.
A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a buy rating in a report on Monday, August 28th. Deutsche Bank AG reissued a hold rating and issued a $28.00 price objective (down previously from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Zacks Investment Research cut SuperValu from a buy rating to a hold rating in a research report on Thursday, July 27th. ValuEngine cut SuperValu from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $24.50 price target (down previously from $31.50) on shares of SuperValu in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $28.29.
SuperValu (SVU) traded down $0.64 on Tuesday, reaching $16.61. The company’s stock had a trading volume of 961,465 shares, compared to its average volume of 1,980,333. The company has a market capitalization of $662.54, a PE ratio of 7.34 and a beta of 2.30. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.57 and a current ratio of 1.21.
SuperValu (NYSE:SVU) last released its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the business posted $0.70 EPS. SuperValu’s quarterly revenue was up 35.5% on a year-over-year basis. research analysts expect that SuperValu will post 2.26 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. acquired a new position in SuperValu in the third quarter valued at approximately $252,000. Nine Chapters Capital Management LLC lifted its holdings in SuperValu by 75.7% in the third quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock valued at $394,000 after acquiring an additional 7,800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in SuperValu in the third quarter valued at approximately $608,000. Public Employees Retirement System of Ohio lifted its holdings in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after acquiring an additional 1,687 shares during the last quarter. Finally, State of Tennessee Treasury Department acquired a new position in SuperValu during the third quarter worth $734,000.
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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