Supervalu Inc. (NYSE:SVU) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.21.
A number of equities research analysts have issued reports on SVU shares. Wells Fargo & Co started coverage on shares of Supervalu in a report on Friday, November 3rd. They set a “market perform” rating and a $16.00 price target for the company. Goldman Sachs Group reiterated a “sell” rating and issued a $14.00 target price on shares of Supervalu in a research note on Tuesday, November 14th. Pivotal Research set a $39.00 target price on shares of Supervalu and gave the company a “buy” rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $34.00 target price on shares of Supervalu and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $18.00 target price (down previously from $24.00) on shares of Supervalu in a research note on Thursday, January 11th.
Shares of Supervalu (SVU) opened at $14.19 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.47 and a debt-to-equity ratio of 4.65. Supervalu has a fifty-two week low of $13.79 and a fifty-two week high of $31.29. The stock has a market cap of $576.51, a PE ratio of 0.89 and a beta of 1.49.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Supervalu by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 189,291 shares of the company’s stock valued at $4,088,000 after buying an additional 21,836 shares during the period. J. Goldman & Co LP bought a new position in Supervalu during the fourth quarter worth about $1,874,000. MetLife Investment Advisors LLC bought a new position in Supervalu during the fourth quarter worth about $378,000. Metropolitan Life Insurance Co. NY bought a new position in Supervalu during the fourth quarter worth about $274,000. Finally, Jane Street Group LLC bought a new position in Supervalu during the fourth quarter worth about $4,518,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
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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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