An issue of SuperValu Inc. (NYSE:SVU) debt fell 2.1% as a percentage of its face value during trading on Thursday. The high-yield debt issue has a 7.75% coupon and will mature on November 15, 2022. The bonds in the issue are now trading at $97.38 and were trading at $97.00 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

SVU has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $42.00 price target on shares of SuperValu and gave the stock a “buy” rating in a report on Monday, August 28th. Pivotal Research set a $42.00 price target on shares of SuperValu and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, July 31st. Deutsche Bank AG restated a “hold” rating and issued a $28.00 price target (down from $35.00) on shares of SuperValu in a report on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $24.50 price target (down from $31.50) on shares of SuperValu in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.67.

SuperValu Inc. (SVU) traded up 2.26% during mid-day trading on Friday, reaching $21.27. 348,866 shares of the company were exchanged. SuperValu Inc. has a 1-year low of $19.16 and a 1-year high of $38.43. The stock’s 50-day moving average price is $21.56 and its 200-day moving average price is $24.59. The stock has a market capitalization of $811.28 million, a price-to-earnings ratio of 1.31 and a beta of 2.11.

SuperValu (NYSE:SVU) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. On average, equities research analysts anticipate that SuperValu Inc. will post $2.36 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. First Trust Advisors LP increased its position in shares of SuperValu by 33.4% during the 1st quarter. First Trust Advisors LP now owns 256,799 shares of the company’s stock worth $991,000 after purchasing an additional 64,302 shares during the last quarter. Assenagon Asset Management S.A. grew its position in SuperValu by 840.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 197,591 shares of the company’s stock valued at $650,000 after acquiring an additional 176,581 shares in the last quarter. Mason Street Advisors LLC grew its position in SuperValu by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 62,588 shares of the company’s stock valued at $242,000 after acquiring an additional 4,444 shares in the last quarter. Addison Clark Management L.L.C. grew its position in SuperValu by 52.6% in the 1st quarter. Addison Clark Management L.L.C. now owns 1,054,644 shares of the company’s stock valued at $4,071,000 after acquiring an additional 363,544 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in SuperValu by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,877,370 shares of the company’s stock valued at $14,967,000 after acquiring an additional 256,947 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “SuperValu Inc. (SVU) Bonds Trading 2.1% Lower” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/09/23/supervalu-inc-svu-bonds-trading-2-1-lower.html.

About SuperValu

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.