SuperValu Inc. (SVU) Given a $6.00 Price Target at Royal Bank Of Canada
Other analysts have also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating and set a $3.50 target price (down previously from $4.50) on shares of SuperValu in a report on Monday, June 19th. ValuEngine cut SuperValu from a buy rating to a hold rating in a report on Friday, June 2nd. Zacks Investment Research upgraded SuperValu from a sell rating to a hold rating in a report on Monday, May 15th. Telsey Advisory Group decreased their target price on SuperValu from $5.50 to $4.50 and set a market perform rating for the company in a report on Tuesday, June 27th. Finally, Guggenheim reiterated a neutral rating on shares of SuperValu in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. SuperValu currently has a consensus rating of Hold and an average price target of $4.92.
Shares of SuperValu (SVU) opened at 3.22 on Friday. The stock’s 50 day moving average is $3.46 and its 200 day moving average is $3.80. The firm has a market cap of $859.74 million, a PE ratio of 1.31 and a beta of 2.02. SuperValu has a 12 month low of $2.90 and a 12 month high of $5.74.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, analysts anticipate that SuperValu will post $0.36 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new stake in SuperValu during the first quarter valued at about $135,000. Sigma Planning Corp raised its stake in SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock valued at $155,000 after buying an additional 3,790 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.
SuperValu Company Profile
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.