SuperValu Inc. (NYSE:SVU) dropped 3.6% on Tuesday . The stock traded as low as $5.34 and last traded at $5.36, with a volume of 1,839,199 shares traded. The stock had previously closed at $5.56.

SVU has been the topic of several analyst reports. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Monday, July 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $7.00 price target on shares of SuperValu in a research report on Thursday, July 28th. Telsey Advisory Group upped their price target on shares of SuperValu from $5.00 to $6.50 and gave the stock a “market perform” rating in a research report on Monday. Morgan Stanley reiterated a “hold” rating and set a $5.50 price target on shares of SuperValu in a research report on Friday, June 10th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $5.00 price target on shares of SuperValu in a research report on Tuesday, July 26th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.34.

The stock has a 50 day moving average price of $4.97 and a 200-day moving average price of $4.99. The firm has a market capitalization of $1.42 billion and a price-to-earnings ratio of 9.01.

SuperValu (NYSE:SVU) last released its earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. The business earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. Equities analysts anticipate that SuperValu Inc. will post $0.67 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted 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 valued at $1,218,000 after buying an additional 3,343 shares during the period. Bank of Montreal Can boosted 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 valued at $1,293,000 after buying an additional 48,861 shares during the period. Airain ltd boosted its stake in SuperValu by 103.2% in the fourth quarter. Airain ltd now owns 210,434 shares of the company’s stock valued at $1,427,000 after buying an additional 106,882 shares during the period. Trexquant Investment LP purchased a new stake in SuperValu during the fourth quarter valued at $1,479,000. Finally, California Public Employees Retirement System boosted its stake in SuperValu by 5.7% in the fourth quarter. California Public Employees Retirement System now owns 416,200 shares of the company’s stock valued at $2,822,000 after buying an additional 22,300 shares during the period.

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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