SuperValu Inc. (SVU) Sees Strong Trading Volume
SuperValu Inc. (NYSE:SVU) saw an uptick in trading volume on Wednesday . 3,112,573 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 2,478,360 shares.The stock last traded at $4.66 and had previously closed at $5.28.
A number of brokerages have commented on SVU. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $5.00 target price on shares of SuperValu in a research note on Tuesday. Zacks Investment Research upgraded SuperValu from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Morgan Stanley restated a “hold” rating and issued a $5.50 target price on shares of SuperValu in a research note on Friday, June 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. SuperValu has an average rating of “Hold” and an average price target of $6.47.
The stock has a 50 day moving average of $4.87 and a 200-day moving average of $4.96. The company has a market capitalization of $1.22 billion and a P/E ratio of 7.00.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.30 billion. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. Analysts expect that SuperValu Inc. will post $0.71 earnings per share for the current year.
Several large investors have added to or reduced their stakes in SVU. Liberty Mutual Group Asset Management Inc. increased its stake in SuperValu by 43.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 161,950 shares of the company’s stock worth $1,098,000 after buying an additional 49,125 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in SuperValu by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 179,702 shares of the company’s stock worth $1,218,000 after buying an additional 3,343 shares during the last quarter. Bank of Montreal Can increased its stake in SuperValu by 34.4% in the fourth quarter. Bank of Montreal Can now owns 190,792 shares of the company’s stock worth $1,293,000 after buying an additional 48,861 shares during the last quarter. Airain ltd increased its stake in SuperValu by 103.2% in the fourth quarter. Airain ltd now owns 210,434 shares of the company’s stock worth $1,427,000 after buying an additional 106,882 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in SuperValu during the fourth quarter worth $1,479,000.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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