Royal Bank of Canada set a $34.00 target price on Supervalu (NYSE:SVU) in a report published on Thursday, January 11th. The brokerage currently has a buy rating on the stock.
Several other research firms have also weighed in on SVU. Pivotal Research set a $39.00 target price on Supervalu and gave the stock a buy rating in a report on Tuesday, October 17th. Telsey Advisory Group reaffirmed a market perform rating and issued a $18.00 price target (down from $24.00) on shares of Supervalu in a research report on Thursday, January 11th. Wells Fargo & Co began coverage on Supervalu in a research report on Friday, November 3rd. They issued a market perform rating and a $16.00 price target on the stock. Morgan Stanley lowered their price objective on Supervalu from $22.50 to $20.50 and set an equal weight rating on the stock in a research report on Thursday, October 19th. Finally, ValuEngine upgraded Supervalu from a hold rating to a buy rating in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $24.69.
Shares of Supervalu (NYSE:SVU) traded up $0.24 on Thursday, reaching $14.48. The company had a trading volume of 727,851 shares, compared to its average volume of 1,888,977. Supervalu has a 1 year low of $13.80 and a 1 year high of $31.29. The stock has a market cap of $568.45, a PE ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 4.65, a current ratio of 1.24 and a quick ratio of 0.47.
Supervalu (NYSE:SVU) last announced its quarterly earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4 billion. Supervalu had a return on equity of 26.48% and a net margin of 4.17%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. equities analysts anticipate that Supervalu will post 2.34 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its holdings in shares of Supervalu by 53.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 17,725 shares of the company’s stock worth $383,000 after acquiring an additional 6,147 shares in the last quarter. Boston Partners grew its holdings in shares of Supervalu by 86.2% during the fourth quarter. Boston Partners now owns 671,740 shares of the company’s stock worth $14,510,000 after buying an additional 310,893 shares in the last quarter. LSV Asset Management grew its holdings in shares of Supervalu by 3.4% during the fourth quarter. LSV Asset Management now owns 1,845,995 shares of the company’s stock worth $39,873,000 after buying an additional 60,104 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of Supervalu during the fourth quarter worth about $1,901,000. Finally, Lenox Wealth Management Inc. grew its holdings in shares of Supervalu by 24.4% during the fourth quarter. Lenox Wealth Management Inc. now owns 27,847 shares of the company’s stock worth $601,000 after buying an additional 5,461 shares in the last quarter. Institutional investors and hedge funds own 80.85% of the company’s stock.
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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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