Albertsons Companies (NYSE:ACI) Sets New 52-Week Low – Here’s Why

Albertsons Companies, Inc. (NYSE:ACI) hit a new 52-week low on Tuesday . The company traded as low as $14.81 and last traded at $14.8310, with a volume of 10682617 shares trading hands. The stock had previously closed at $15.41.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACI. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Albertsons Companies in a research note on Monday, April 6th. UBS Group dropped their price objective on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings cut Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Citigroup dropped their price objective on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.31.

Albertsons Companies Price Performance

The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.76 and a beta of 0.40. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.20 and a current ratio of 0.86. The company has a 50 day moving average of $16.40 and a 200 day moving average of $17.06.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $20.49 billion. During the same period in the previous year, the firm posted $0.46 EPS. Albertsons Companies’s revenue for the quarter was up 7.7% on a year-over-year basis. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. As a group, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.11 EPS for the current year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.17 per share. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 24th. This represents a $0.68 dividend on an annualized basis and a yield of 4.6%. Albertsons Companies’s dividend payout ratio (DPR) is presently 212.50%.

Institutional Trading of Albertsons Companies

Institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Albertsons Companies by 103.5% during the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 730 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Albertsons Companies by 185.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after buying an additional 1,057 shares during the last quarter. NBC Securities Inc. lifted its holdings in Albertsons Companies by 91.2% during the 4th quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after buying an additional 885 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Albertsons Companies by 172.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after buying an additional 1,306 shares during the last quarter. Finally, Elevation Wealth Partners LLC purchased a new stake in Albertsons Companies during the 4th quarter worth about $46,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.