Supervalu (SVU) Debt Trading 2.4% Lower

An issue of Supervalu Inc. (NYSE:SVU) debt fell 2.4% as a percentage of its face value during trading on Wednesday. The debt issue has a 6.75% coupon and is set to mature on June 1, 2021. The bonds in the issue are now trading at $98.13 and were trading at $100.38 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

SVU has been the topic of a number of recent analyst reports. Goldman Sachs Group reissued a “sell” rating and issued a $14.00 price objective on shares of Supervalu in a research report on Tuesday, November 14th. Pivotal Research set a $39.00 target price on shares of Supervalu and gave the company a “buy” rating in a research report on Tuesday, October 31st. Wells Fargo & Co assumed coverage on shares of Supervalu in a research report on Friday, November 3rd. They issued a “market perform” rating and a $16.00 target price on the stock. TheStreet downgraded shares of Supervalu from a “c” rating to a “d+” rating in a research report on Wednesday, October 18th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Supervalu in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Supervalu has an average rating of “Hold” and a consensus target price of $26.50.

Shares of Supervalu Inc. (SVU) opened at $16.94 on Thursday. The firm has a market cap of $650.64, a price-to-earnings ratio of -30.25 and a beta of 2.29. 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 Inc. has a 52 week low of $14.55 and a 52 week high of $32.41.

Supervalu (NYSE:SVU) last issued its quarterly earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.13. Supervalu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the business earned $0.35 EPS. Supervalu’s quarterly revenue was up 31.2% compared to the same quarter last year. analysts forecast that Supervalu Inc. will post 2.26 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Supervalu by 0.7% in the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after acquiring an additional 246 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Supervalu by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock worth $683,000 after acquiring an additional 1,492 shares during the period. Rhumbline Advisers lifted its stake in shares of Supervalu by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 538,755 shares of the company’s stock worth $1,773,000 after acquiring an additional 3,089 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Supervalu in the 3rd quarter worth $147,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Supervalu by 0.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,140,277 shares of the company’s stock worth $3,751,000 after acquiring an additional 6,935 shares during the period. Institutional investors own 80.63% of the company’s stock.

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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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