Goldman Sachs Group, Inc. (The) reiterated their sell rating on shares of SuperValu Inc. (NYSE:SVU) in a report released on Tuesday morning, Marketbeat reports. The brokerage currently has a $14.00 price target on the stock.
A number of other research analysts also recently commented on SVU. Zacks Investment Research downgraded shares of SuperValu from a buy rating to a hold rating in a research note on Wednesday, August 9th. BidaskClub downgraded shares of SuperValu from a sell rating to a strong sell rating in a research note on Friday, August 11th. ValuEngine raised shares of SuperValu from a hold rating to a buy rating in a research note on Wednesday, October 18th. Pivotal Research set a $39.00 price objective on shares of SuperValu and gave the company a buy rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley decreased their target price on SuperValu from $22.50 to $20.50 and set an equal weight rating for the company in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $26.50.
SuperValu (NYSE:SVU) traded up $0.92 during midday trading on Tuesday, hitting $16.32. 1,401,527 shares of the stock were exchanged, compared to its average volume of 807,824. SuperValu has a one year low of $14.55 and a one year high of $35.91. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.57 and a current ratio of 1.21. The firm has a market cap of $591.49, a P/E ratio of 6.29 and a beta of 2.29.
SuperValu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. analysts expect that SuperValu will post 2.26 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SVU. BlackRock Inc. boosted its holdings in SuperValu by 11,576.6% in the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after acquiring an additional 40,904,886 shares during the period. Dimensional Fund Advisors LP boosted its holdings in SuperValu by 35.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after acquiring an additional 1,903,023 shares during the period. Cooper Creek Partners Management LLC boosted its holdings in SuperValu by 60.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock worth $15,849,000 after acquiring an additional 1,820,941 shares during the period. Gotham Asset Management LLC purchased a new position in SuperValu in the 2nd quarter worth approximately $4,222,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in SuperValu by 59.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock worth $9,113,000 after acquiring an additional 1,030,762 shares during the period.
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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