SuperValu Inc. (NYSE:SVU) has earned an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.33.
A number of brokerages have weighed in on SVU. Zacks Investment Research lowered SuperValu from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine lowered SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $6.00 price objective on shares of SuperValu in a report on Tuesday, May 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of SuperValu in a report on Monday, May 1st.
Large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of SuperValu by 66.3% in the third quarter. Louisiana State Employees Retirement System now owns 117,400 shares of the company’s stock valued at $586,000 after buying an additional 46,800 shares in the last quarter. Teachers Advisors LLC increased its position in shares of SuperValu by 1.3% in the third quarter. Teachers Advisors LLC now owns 423,106 shares of the company’s stock valued at $2,111,000 after buying an additional 5,587 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of SuperValu by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,416,196 shares of the company’s stock valued at $46,987,000 after buying an additional 74,483 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of SuperValu by 12.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,170 shares of the company’s stock valued at $121,000 after buying an additional 2,689 shares in the last quarter. Finally, Sabal Capital Management LLC bought a new position in shares of SuperValu during the third quarter valued at about $781,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
SuperValu (NYSE:SVU) traded down 14.36% during trading on Monday, reaching $3.22. The company had a trading volume of 20,616,257 shares. The firm has a 50-day moving average of $3.96 and a 200-day moving average of $4.07. SuperValu has a 1-year low of $2.93 and a 1-year high of $5.74. The stock has a market capitalization of $859.74 million, a price-to-earnings ratio of 1.31 and a beta of 2.05.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $0.23 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, analysts anticipate that SuperValu will post $0.36 EPS for the current fiscal year.
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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