Goldman Sachs set a $14.00 target price on SuperValu (NYSE:SVU) in a research report sent to investors on Thursday morning. The firm currently has a sell rating on the stock.
Several other equities analysts have also recently weighed in on SVU. Zacks Investment Research cut SuperValu from a hold rating to a sell rating in a report on Thursday, January 11th. ValuEngine cut SuperValu from a buy rating to a hold rating in a report on Friday, February 2nd. Telsey Advisory Group reiterated a market perform rating and set a $18.00 price objective (down previously from $24.00) on shares of SuperValu in a report on Thursday, January 11th. Finally, Royal Bank of Canada set a $34.00 price objective on SuperValu and gave the company a buy rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. SuperValu has a consensus rating of Hold and a consensus price target of $23.44.
Shares of SVU opened at $16.75 on Thursday. 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 has a 1 year low of $13.60 and a 1 year high of $31.29. The stock has a market cap of $643.35, a price-to-earnings ratio of 8.25 and a beta of 1.29.
SuperValu (NYSE:SVU) last issued its earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue was up 31.2% compared to the same quarter last year. equities analysts predict that SuperValu will post 2.43 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in shares of SuperValu by 3.4% during the 4th quarter. LSV Asset Management now owns 1,845,995 shares of the company’s stock valued at $39,873,000 after purchasing an additional 60,104 shares in the last quarter. Towle & Co. acquired a new stake in SuperValu in the 4th quarter valued at approximately $36,016,000. Allianz Asset Management GmbH raised its position in SuperValu by 77.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,208,935 shares of the company’s stock valued at $26,113,000 after buying an additional 528,839 shares during the last quarter. Wells Fargo & Company MN raised its position in SuperValu by 26.6% in the 4th quarter. Wells Fargo & Company MN now owns 692,457 shares of the company’s stock valued at $14,955,000 after buying an additional 145,547 shares during the last quarter. Finally, Boston Partners raised its position in SuperValu by 86.2% in the 4th quarter. Boston Partners now owns 671,740 shares of the company’s stock valued at $14,510,000 after buying an additional 310,893 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.
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SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States. The company operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.
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