SuperValu Inc. (SVU) Upgraded by ValuEngine to “Strong-Buy”
ValuEngine upgraded shares of SuperValu Inc. (NYSE:SVU) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded SuperValu from a hold rating to a sell rating in a research report on Wednesday, June 21st. Royal Bank Of Canada restated a buy rating and issued a $42.00 target price on shares of SuperValu in a research report on Tuesday, May 30th. Guggenheim restated a neutral rating on shares of SuperValu in a research report on Monday, May 1st. Morgan Stanley restated an equal weight rating and issued a $24.50 target price (down previously from $31.50) on shares of SuperValu in a research report on Monday, June 19th. Finally, Telsey Advisory Group reduced their target price on SuperValu from $38.50 to $31.50 and set a market perform rating on the stock in a research report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. SuperValu currently has a consensus rating of Buy and a consensus price target of $32.08.
SuperValu (SVU) traded up 5.68% during mid-day trading on Thursday, reaching $24.54. The company’s stock had a trading volume of 1,145,582 shares. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 10.61 and a beta of 2.06. SuperValu has a 12-month low of $2.90 and a 12-month high of $40.18. The firm’s 50 day moving average price is $3.33 and its 200 day moving average price is $3.73.
SuperValu (NYSE:SVU) last posted its earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. SuperValu’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts predict that SuperValu will post $2.37 earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in SuperValu by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,278,051 shares of the company’s stock valued at $24,649,000 after buying an additional 269,524 shares in the last quarter. FMR LLC increased its stake in SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock valued at $1,993,000 after buying an additional 2,200 shares in the last quarter. Guggenheim Capital LLC increased its stake in SuperValu by 101.1% in the fourth quarter. Guggenheim Capital LLC now owns 310,301 shares of the company’s stock valued at $1,449,000 after buying an additional 155,964 shares in the last quarter. Norges Bank purchased a new stake in SuperValu during the fourth quarter valued at about $14,230,000. Finally, Teachers Advisors LLC increased its stake in SuperValu by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 454,183 shares of the company’s stock valued at $2,121,000 after buying an additional 31,077 shares in the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.
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.
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