Shares of Supervalu Inc. (NYSE:SVU) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.33.
Several analysts have issued reports on SVU shares. Guggenheim reissued a “neutral” rating on shares of Supervalu in a research note on Monday, May 1st. Zacks Investment Research raised shares of Supervalu from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, Royal Bank of Canada set a $6.00 target price on shares of Supervalu and gave the stock a “buy” rating in a research report on Thursday, April 27th.
A number of hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new stake in shares of Supervalu during the fourth quarter worth $108,000. State of Alaska Department of Revenue increased its stake in shares of Supervalu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock worth $114,000 after buying an additional 770 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Supervalu by 12.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,170 shares of the company’s stock worth $121,000 after buying an additional 2,689 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Supervalu by 141.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 25,600 shares of the company’s stock worth $128,000 after buying an additional 15,000 shares during the period. Finally, Nine Chapters Capital Management LLC bought a new position in Supervalu during the first quarter worth about $135,000. 85.27% of the stock is owned by hedge funds and other institutional investors.
Supervalu (NYSE:SVU) traded up 3.64% during trading on Tuesday, reaching $3.99. The company’s stock had a trading volume of 5,611,152 shares. Supervalu has a 1-year low of $3.20 and a 1-year high of $5.74. The stock has a 50 day moving average price of $3.95 and a 200 day moving average price of $4.17. The stock has a market capitalization of $1.07 billion, a PE ratio of 1.63 and a beta of 2.07.
Supervalu (NYSE:SVU) last posted its earnings results on Tuesday, April 25th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.90 billion. Supervalu had a negative return on equity of 43.47% and a net margin of 0.64%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. Analysts anticipate that Supervalu will post $0.35 earnings per share for the current fiscal year.
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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