Boston Partners raised its stake in shares of Supervalu Inc. (NYSE:SVU) by 86.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 671,740 shares of the company’s stock after buying an additional 310,893 shares during the quarter. Boston Partners owned about 1.75% of Supervalu worth $14,510,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SVU. Public Employees Retirement System of Ohio bought a new position in shares of Supervalu during the 3rd quarter valued at about $147,000. Crossmark Global Holdings Inc. bought a new position in shares of Supervalu during the 3rd quarter valued at about $252,000. Nine Chapters Capital Management LLC lifted its stake 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 in the last quarter. Lenox Wealth Management Inc. bought a new stake in Supervalu in the 3rd quarter valued at approximately $486,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Supervalu in the 3rd quarter valued at approximately $537,000. Institutional investors own 82.67% of the company’s stock.
Supervalu Inc. (NYSE SVU) traded up $0.12 during mid-day trading on Friday, hitting $14.87. The company had a trading volume of 456,289 shares, compared to its average volume of 1,894,906. The company has a debt-to-equity ratio of 4.65, a current ratio of 1.24 and a quick ratio of 0.47. The firm has a market cap of $581.51, a price-to-earnings ratio of 65.78 and a beta of 1.49. Supervalu Inc. has a 1-year low of $13.79 and a 1-year high of $31.29.
Supervalu (NYSE:SVU) last posted its earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. The business had revenue of $3.94 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. research analysts predict that Supervalu Inc. will post 2.34 EPS for the current fiscal year.
Several equities research analysts have commented on the company. ValuEngine cut Supervalu from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $18.00 target price (down previously from $24.00) on shares of Supervalu in a research note on Thursday, January 11th. Morgan Stanley cut their target price on Supervalu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 19th. Zacks Investment Research cut Supervalu from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price objective on shares of Supervalu in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.69.
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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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