Supervalu (NYSE:SVU) has been given a $34.00 target price by equities researchers at Royal Bank of Canada in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 108.21% from the stock’s current price.
Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Supervalu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Pivotal Research set a $39.00 target price on shares of Supervalu and gave the company a “buy” rating in a report on Tuesday, October 17th. TheStreet downgraded shares of Supervalu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Morgan Stanley lowered their target price on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $18.00 target price (down previously from $24.00) on shares of Supervalu in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Supervalu presently has a consensus rating of “Hold” and an average price target of $24.69.
Supervalu (NYSE:SVU) traded down $0.14 during midday trading on Thursday, reaching $16.33. 2,520,000 shares of the company’s stock were exchanged, compared to its average volume of 1,440,000. The company has a current ratio of 1.24, a quick ratio of 0.57 and a debt-to-equity ratio of 4.65. The firm has a market capitalization of $627.21, a price-to-earnings ratio of 71.00 and a beta of 2.29. Supervalu has a one year low of $14.55 and a one year high of $31.29.
Supervalu (NYSE:SVU) last issued its earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4 billion. Supervalu had a net margin of 4.17% and a return on equity of 26.48%. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. research analysts anticipate that Supervalu will post 2.2 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Supervalu by 2.3% during the second quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock worth $98,671,000 after buying an additional 682,044 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Supervalu by 35.3% during the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after buying an additional 1,903,023 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Supervalu by 1.2% during the second quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock worth $17,775,000 after buying an additional 62,061 shares in the last quarter. Cooper Creek Partners Management LLC boosted its holdings in Supervalu by 60.8% during the second quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock worth $15,849,000 after buying an additional 1,820,941 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Supervalu by 3.5% during the second quarter. Wells Fargo & Company MN now owns 3,898,027 shares of the company’s stock worth $12,825,000 after buying an additional 132,579 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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