SuperValu Inc. (NYSE:SVU) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 21,467,054 shares, an increase of 26.2% from the June 15th total of 17,012,133 shares. Approximately 8.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,238,856 shares, the days-to-cover ratio is currently 3.0 days.
SuperValu (NYSE:SVU) traded down 1.16% during mid-day trading on Wednesday, reaching $22.98. 639,088 shares of the company traded hands. SuperValu has a 12-month low of $20.30 and a 12-month high of $40.18. The firm has a market capitalization of $876.50 million, a P/E ratio of 1.42 and a beta of 2.06. The company’s 50 day moving average price is $22.99 and its 200 day moving average price is $26.05.
SuperValu (NYSE:SVU) last issued its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business posted $1.33 EPS. SuperValu’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that SuperValu will post $2.37 EPS for the current year.
A number of equities analysts have recently commented on SVU shares. Zacks Investment Research downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.50 target price (down from $31.50) on shares of SuperValu in a research note on Monday, June 19th. Pivotal Research reaffirmed a “buy” rating and issued a $38.50 target price on shares of SuperValu in a research note on Wednesday, July 26th. ValuEngine downgraded shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada set a $42.00 price target on shares of SuperValu and gave the stock a “buy” rating in a research note on Thursday, April 27th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $32.08.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SVU. State of Alaska Department of Revenue raised its position in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares during the period. Public Employees Retirement System of Ohio raised its position in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares during the period. Nine Chapters Capital Management LLC bought a new position in SuperValu during the first quarter valued at approximately $135,000. Sigma Planning Corp raised its position in SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock valued at $155,000 after buying an additional 3,790 shares during the period. 80.47% of the stock is currently owned by institutional investors.
SuperValu Company Profile
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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