SuperValu Inc. (SVU) Shares Up 3.1%
Shares of SuperValu Inc. (NYSE:SVU) shot up 3.1% on Wednesday . The company traded as high as $4.97 and last traded at $4.97, with a volume of 1,909,254 shares traded. The stock had previously closed at $4.82.
A number of brokerages have recently weighed in on SVU. Telsey Advisory Group reduced their price target on shares of SuperValu from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, July 28th. Morgan Stanley dropped their target price on shares of SuperValu from $5.50 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Zacks Investment Research upgraded 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 issued a $7.00 target price on shares of SuperValu in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $5.00 target price on shares of SuperValu in a report on Tuesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.16.
The stock’s 50 day moving average price is $4.90 and its 200-day moving average price is $4.96. The stock has a market cap of $1.29 billion and a price-to-earnings ratio of 8.14.
SuperValu (NYSE:SVU) last announced its earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the business earned $0.23 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts forecast that SuperValu Inc. will post $0.67 EPS for the current fiscal year.
A number of large investors recently modified their holdings of SVU. Mutual of America Capital Management LLC raised its stake 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 in the last quarter. Bank of Montreal Can raised its stake 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 in the last quarter. Airain ltd raised its stake in shares of 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 in the last quarter. Trexquant Investment LP bought a new stake in shares of SuperValu during the fourth quarter worth approximately $1,479,000. Finally, California Public Employees Retirement System raised its stake 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 in 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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