SuperValu Inc. (NYSE:SVU) rose 7.6% during mid-day trading on Friday . The company traded as high as $21.10 and last traded at $19.48. Approximately 376,798 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 753,641 shares. The stock had previously closed at $21.09.
SVU has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of SuperValu from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Deutsche Bank AG reissued a “hold” rating and issued a $28.00 price target (down from $35.00) on shares of SuperValu in a report on Wednesday, July 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $42.00 price target on shares of SuperValu in a report on Tuesday, May 30th. ValuEngine downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $24.50 price target (down from $31.50) on shares of SuperValu in a report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.
The company has a market cap of $749.87 million, a price-to-earnings ratio of 1.21 and a beta of 2.11. The firm’s 50 day moving average price is $22.50 and its 200 day moving average price is $24.99.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts anticipate that SuperValu Inc. will post $2.36 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in SuperValu by 11,576.6% in the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after purchasing an additional 40,904,886 shares during the period. Vanguard Group Inc. boosted its stake in SuperValu by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock worth $98,671,000 after purchasing an additional 682,044 shares during the period. UBS Oconnor LLC boosted its stake in SuperValu by 323.4% in the 1st quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock worth $35,599,000 after purchasing an additional 7,044,616 shares during the period. State Street Corp boosted its stake in SuperValu by 7.7% in the 1st quarter. State Street Corp now owns 8,208,363 shares of the company’s stock worth $31,686,000 after purchasing an additional 586,022 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in SuperValu by 35.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after purchasing an additional 1,903,023 shares during the period.
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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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