SuperValu Inc. (NYSE:SVU) Given a $39.00 Price Target at Pivotal Research

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.

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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.

About SuperValu

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.

Analyst Recommendations for SuperValu (NYSE:SVU)

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