A number of other research firms also recently issued reports on SVU. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a buy rating in a report on Sunday, July 16th. Pivotal Research set a $39.00 price objective on shares of SuperValu and gave the company a buy rating in a report on Tuesday, October 17th. ValuEngine downgraded shares of SuperValu from a buy rating to a hold rating in a report on Friday, September 1st. Morgan Stanley cut their price objective on shares of SuperValu from $22.50 to $20.50 and set an equal weight rating for the company in a report on Thursday, October 19th. Finally, Telsey Advisory Group cut their price target on shares of SuperValu from $38.50 to $31.50 and set a market perform rating for the company in a report on Tuesday, June 27th. One equities 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 stock. The company presently has an average rating of Hold and a consensus target price of $28.29.
Shares of SuperValu (NYSE:SVU) traded down $0.64 on Wednesday, reaching $16.61. 961,465 shares of the company were exchanged, compared to its average volume of 1,980,333. The firm has a market cap of $662.54, a price-to-earnings ratio of 7.34 and a beta of 2.30. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76.
SuperValu (NYSE:SVU) last announced its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. SuperValu’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. equities research analysts predict that SuperValu will post 2.26 EPS for the current year.
Large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. bought a new position in SuperValu in the 3rd quarter valued at approximately $252,000. Nine Chapters Capital Management LLC increased its position in SuperValu by 75.7% in the 3rd 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 period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in SuperValu in the 3rd quarter valued at approximately $608,000. Public Employees Retirement System of Ohio increased its position in SuperValu by 5.6% in the 1st 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 period. Finally, State of Tennessee Treasury Department acquired a new position in SuperValu in the 3rd quarter valued at approximately $734,000.
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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