Supervalu Inc. (NYSE:SVU) traded down 0% during trading on Tuesday . The company traded as low as $14.04 and last traded at $14.19. 1,568,574 shares traded hands during trading, a decline of 17% from the average session volume of 1,897,164 shares. The stock had previously closed at $14.19.
A number of equities research analysts have recently commented on the company. ValuEngine raised Supervalu from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Wells Fargo & Co started coverage on Supervalu in a research report on Friday, November 3rd. They issued a “market perform” rating and a $16.00 target price on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 target price (down previously from $24.00) on shares of Supervalu in a research report on Thursday, January 11th. Zacks Investment Research lowered Supervalu from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Royal Bank of Canada set a $34.00 target price on Supervalu and gave the company a “buy” rating in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Supervalu presently has an average rating of “Hold” and a consensus price target of $24.69.
The company has a market capitalization of $545.02, a PE ratio of 5.44 and a beta of 1.49. The company has a current ratio of 1.24, a quick ratio of 0.47 and a debt-to-equity ratio of 4.65.
Supervalu (NYSE:SVU) last announced its earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.13. Supervalu had a return on equity of 26.48% and a net margin of 4.17%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm earned $0.35 EPS. Supervalu’s revenue for the quarter was up 31.2% compared to the same quarter last year. equities analysts expect that Supervalu Inc. will post 2.34 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Boston Partners bought a new position in Supervalu in the third quarter valued at approximately $7,848,000. Greenwich Wealth Management LLC grew its stake in Supervalu by 109.4% in the fourth quarter. Greenwich Wealth Management LLC now owns 39,265 shares of the company’s stock valued at $848,000 after purchasing an additional 20,513 shares in the last quarter. Vanguard Group Inc. grew its stake in Supervalu by 2.3% in the second quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after purchasing an additional 682,044 shares in the last quarter. Voya Investment Management LLC grew its stake in Supervalu by 11.9% in the second quarter. Voya Investment Management LLC now owns 120,015 shares of the company’s stock valued at $395,000 after purchasing an additional 12,729 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Supervalu in the third quarter valued at approximately $537,000. Hedge funds and other institutional investors own 92.17% 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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