SuperValu Inc. (NYSE:SVU)’s share price dropped 3.6% during mid-day trading on Tuesday . The stock traded as low as $5.34 and last traded at $5.36, with a volume of 1,839,199 shares trading hands. The stock had previously closed at $5.56.

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

The firm has a 50 day moving average of $5.03 and a 200-day moving average of $4.99. The company has a market capitalization of $1.43 billion and a price-to-earnings ratio of 9.04.

SuperValu (NYSE:SVU) last issued its earnings results on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. During the same period last year, the firm earned $0.23 EPS. The company earned $5.20 billion during the quarter, compared to analyst estimates of $5.30 billion. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts forecast that SuperValu Inc. will post $0.67 EPS for the current fiscal year.

Several hedge funds and institutional investors have recently modified their holdings of SVU. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SuperValu by 19.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,875 shares of the company’s stock worth $4,908,000 after buying an additional 115,400 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of SuperValu during the fourth quarter worth approximately $1,479,000. Bank of Montreal Can raised its position in shares of 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. Mutual of America Capital Management LLC raised its position in shares of 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. Finally, California Public Employees Retirement System raised its position in shares of SuperValu by 5.7% in the fourth quarter. California Public Employees Retirement System now owns 416,200 shares of the company’s stock worth $2,822,000 after buying an additional 22,300 shares during the last quarter.

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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