Dimensional Fund Advisors LP Acquires 118,740 Shares of SuperValu Inc. (SVU)
Dimensional Fund Advisors LP raised its position in SuperValu Inc. (NYSE:SVU) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,396,791 shares of the company’s stock after buying an additional 118,740 shares during the period. Dimensional Fund Advisors LP’s holdings in SuperValu were worth $20,831,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Kennedy Capital Management Inc. raised its stake in shares of SuperValu by 9.9% in the first quarter. Kennedy Capital Management Inc. now owns 2,000,320 shares of the company’s stock worth $7,721,000 after buying an additional 179,746 shares during the period. Geode Capital Management LLC raised its stake in shares of SuperValu by 5.4% in the first quarter. Geode Capital Management LLC now owns 1,983,435 shares of the company’s stock worth $7,656,000 after buying an additional 101,179 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of SuperValu by 318.8% in the first quarter. Thrivent Financial For Lutherans now owns 597,785 shares of the company’s stock worth $2,307,000 after buying an additional 455,040 shares during the period. Royce & Associates LP raised its stake in shares of SuperValu by 20.5% in the first quarter. Royce & Associates LP now owns 1,187,160 shares of the company’s stock worth $4,582,000 after buying an additional 202,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of SuperValu by 31.3% in the first quarter. California Public Employees Retirement System now owns 1,579,500 shares of the company’s stock worth $6,097,000 after buying an additional 376,900 shares during the period. Institutional investors own 80.47% of the company’s stock.
Shares of SuperValu Inc. (NYSE SVU) traded up 2.12% during trading on Friday, hitting $23.12. The stock had a trading volume of 110,650 shares. The stock’s 50-day moving average price is $23.16 and its 200-day moving average price is $25.85. SuperValu Inc. has a one year low of $20.30 and a one year high of $40.18. The company has a market cap of $881.84 million, a P/E ratio of 1.43 and a beta of 2.06.
SuperValu (NYSE:SVU) last announced its earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by $0.07. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share. On average, equities research analysts forecast that SuperValu Inc. will post $2.36 EPS for the current fiscal year.
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A number of brokerages have issued reports on SVU. Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised SuperValu from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Pivotal Research reissued a “buy” rating and set a $38.50 price objective on shares of SuperValu in a research report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and set a $28.00 price objective (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $42.00 price objective on SuperValu and gave the stock a “buy” rating in a research report on Sunday, July 16th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.08.
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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