Public Employees Retirement Association of Colorado cut its holdings in shares of SuperValu Inc. (NYSE:SVU) by 85.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,939 shares of the company’s stock after selling 41,640 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SuperValu were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of SVU. BlackRock Inc. increased its holdings in SuperValu by 11,576.6% in the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after buying an additional 40,904,886 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 buying an additional 682,044 shares in the last quarter. State Street Corp increased its holdings in SuperValu by 7.7% in the first quarter. State Street Corp now owns 8,208,363 shares of the company’s stock valued at $31,686,000 after buying an additional 586,022 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SuperValu by 35.3% during the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after purchasing an additional 1,903,023 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of SuperValu by 1.2% during the second quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock worth $17,775,000 after purchasing an additional 62,061 shares in the last quarter.
A number of research firms have recently commented on SVU. Pivotal Research reissued a “buy” rating and set a $38.50 target price on shares of SuperValu in a research note on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $28.00 price objective (down previously from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, July 31st. ValuEngine raised shares of SuperValu from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. SuperValu presently has a consensus rating of “Hold” and an average target price of $26.50.
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SuperValu (NYSE:SVU) last issued its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. SuperValu’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. research analysts predict that SuperValu Inc. will post 2.26 earnings per share for the current fiscal year.
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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