Fmr LLC Has $291,000 Stake in SuperValu Inc. (NYSE:SVU)
Fmr LLC reduced its position in SuperValu Inc. (NYSE:SVU) by 82.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 75,300 shares of the company’s stock after selling 351,502 shares during the period. Fmr LLC’s holdings in SuperValu were worth $291,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock worth $114,000 after buying an additional 770 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new position in shares of SuperValu during the first quarter worth approximately $135,000. Sigma Planning Corp boosted its position in shares of SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock worth $155,000 after buying an additional 1,050 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock worth $155,000 after buying an additional 3,790 shares during the last quarter. Finally, Princeton Alpha Management LP boosted its position in shares of SuperValu by 295.5% in the first quarter. Princeton Alpha Management LP now owns 42,789 shares of the company’s stock worth $165,000 after buying an additional 31,969 shares during the last quarter. Institutional investors own 80.47% of the company’s stock.
SuperValu Inc. (SVU) opened at 22.98 on Thursday. SuperValu Inc. has a 52-week low of $20.30 and a 52-week high of $40.18. The stock has a market cap of $876.50 million, a PE ratio of 1.42 and a beta of 2.06. The firm has a 50 day moving average of $23.12 and a 200-day moving average of $25.88.
SuperValu (NYSE:SVU) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. Equities analysts anticipate that SuperValu Inc. will post $2.36 earnings per share for the current fiscal year.
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A number of brokerages recently commented on SVU. Zacks Investment Research upgraded shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, July 31st. Pivotal Research reiterated a “buy” rating and issued a $38.50 target price on shares of SuperValu in a research report on Wednesday, July 26th. ValuEngine upgraded shares of SuperValu from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Telsey Advisory Group decreased their target price on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Sunday, July 16th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.08.
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.
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