SuperValu Inc. (SVU) Given Consensus Recommendation of “Hold” by Brokerages
SuperValu Inc. (NYSE:SVU) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.81.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered SuperValu from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Pivotal Research reiterated a “buy” rating and issued a $8.00 price objective on shares of SuperValu in a research note on Tuesday. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $5.00 price objective on shares of SuperValu in a research note on Tuesday, July 26th. Telsey Advisory Group upped their price objective on SuperValu from $5.00 to $6.50 and gave the company a “market perform” rating in a research note on Monday, August 15th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $6.00 price objective (down from $7.00) on shares of SuperValu in a research note on Friday, September 9th.
A number of hedge funds and other institutional investors have recently bought and sold shares of SVU. Vanguard Group Inc. increased its position in SuperValu by 6.1% in the second quarter. Vanguard Group Inc. now owns 26,282,409 shares of the company’s stock valued at $124,053,000 after buying an additional 1,507,700 shares in the last quarter. BlackRock Fund Advisors increased its position in SuperValu by 4.0% in the second quarter. BlackRock Fund Advisors now owns 13,270,050 shares of the company’s stock valued at $62,635,000 after buying an additional 511,625 shares in the last quarter. State Street Corp increased its position in SuperValu by 2.3% in the first quarter. State Street Corp now owns 9,814,595 shares of the company’s stock valued at $56,532,000 after buying an additional 224,193 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SuperValu by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,495,172 shares of the company’s stock valued at $21,216,000 after buying an additional 100,266 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in SuperValu by 15.6% in the second quarter. Principal Financial Group Inc. now owns 3,849,044 shares of the company’s stock valued at $18,168,000 after buying an additional 519,217 shares in the last quarter. 82.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SuperValu (NYSE:SVU) traded down 5.28% during mid-day trading on Tuesday, reaching $5.02. The company’s stock had a trading volume of 4,251,669 shares. The company has a 50 day moving average of $4.97 and a 200-day moving average of $4.98. SuperValu has a 12 month low of $3.94 and a 12 month high of $7.28. The firm has a market capitalization of $1.33 billion, a P/E ratio of 8.42 and a beta of 1.92.
SuperValu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. The business earned $5.20 billion during the quarter, compared to the consensus estimate of $5.30 billion. SuperValu had a negative return on equity of 43.67% and a net margin of 0.94%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities research analysts forecast that SuperValu will post $0.63 EPS for the current year.
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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