Royal Bank Of Canada set a $42.00 target price on SuperValu Inc. (NYSE:SVU) in a report published on Sunday, July 16th. The firm currently has a buy rating on the stock.
SVU has been the subject of a number of other reports. Morgan Stanley reissued an equal weight rating and issued a $24.50 price objective (down from $31.50) on shares of SuperValu in a report on Monday, June 19th. Zacks Investment Research lowered SuperValu from a hold rating to a sell rating in a report on Wednesday, June 21st. ValuEngine lowered SuperValu from a buy rating to a hold rating in a report on Friday, June 2nd. Telsey Advisory Group decreased their price objective on SuperValu from $38.50 to $31.50 and set a market perform rating for the company in a report on Tuesday, June 27th. Finally, Guggenheim reissued a neutral rating on shares of SuperValu in a report on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $32.08.
Shares of SuperValu (NYSE:SVU) opened at 24.54 on Friday. SuperValu has a 1-year low of $2.90 and a 1-year high of $40.18. The stock has a market capitalization of $6.55 billion, a P/E ratio of 10.61 and a beta of 2.06. The company has a 50 day moving average price of $3.33 and a 200-day moving average price of $3.73.
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. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company earned $1.33 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that SuperValu will post $2.37 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of SuperValu during the fourth quarter worth about $1,004,000. Comerica Bank raised its position in shares of SuperValu by 6.5% in the fourth quarter. Comerica Bank now owns 241,251 shares of the company’s stock worth $1,023,000 after buying an additional 14,701 shares during the last quarter. State Street Corp raised its position in shares of SuperValu by 6.2% in the fourth quarter. State Street Corp now owns 7,622,341 shares of the company’s stock worth $35,596,000 after buying an additional 447,769 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in SuperValu by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,278,051 shares of the company’s stock valued at $24,649,000 after buying an additional 269,524 shares in the last quarter. Finally, FMR LLC raised its stake in SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock valued at $1,993,000 after buying an additional 2,200 shares in the last quarter. 80.53% of the stock is owned by hedge funds and other institutional investors.
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.
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