SuperValu Inc. (SVU) Shares Gap Down to $15.55
SuperValu Inc. (NYSE:SVU) gapped down before the market opened on Tuesday . The stock had previously closed at $16.20, but opened at $15.55. SuperValu shares last traded at $15.30, with a volume of 1615600 shares traded.
A number of brokerages recently commented on SVU. Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $14.00 price objective on shares of SuperValu in a report on Tuesday. TheStreet lowered shares of SuperValu from a “c” rating to a “d+” rating in a report on Wednesday, October 18th. Northcoast Research restated a “neutral” rating on shares of SuperValu in a report on Thursday, October 19th. Finally, BidaskClub lowered shares of SuperValu from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.
The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. The stock has a market cap of $567.29, a P/E ratio of 6.29 and a beta of 2.30.
SuperValu (NYSE:SVU) last issued its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.11. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the business earned $0.70 EPS. The company’s revenue was up 35.5% compared to the same quarter last year. equities analysts expect that SuperValu Inc. will post 2.26 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank increased its stake in shares of SuperValu by 0.7% during the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of SuperValu by 5.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after purchasing an additional 1,687 shares during the last quarter. Sigma Planning Corp increased its stake in shares of SuperValu by 2.5% during the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the last quarter. Hartford Investment Management Co. acquired a new position in shares of SuperValu during the 2nd quarter worth about $149,000. Finally, State of Alaska Department of Revenue increased its stake in shares of SuperValu by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 52,551 shares of the company’s stock worth $172,000 after purchasing an additional 23,011 shares during the last quarter.
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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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