Supervalu (SVU) Hits New 12-Month High at $32.50

Shares of Supervalu Inc. (NYSE:SVU) reached a new 52-week high on Thursday . The stock traded as high as $32.50 and last traded at $32.49, with a volume of 39547 shares traded. The stock had previously closed at $32.47.

SVU has been the topic of several research analyst reports. ValuEngine raised shares of Supervalu from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 20th. Telsey Advisory Group reissued a “market perform” rating on shares of Supervalu in a research report on Monday, July 16th. Pivotal Research reissued a “hold” rating and set a $26.00 target price on shares of Supervalu in a research report on Wednesday, July 25th. Royal Bank of Canada downgraded shares of Supervalu from an “outperform” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Friday, July 27th. Finally, Credit Suisse Group raised shares of Supervalu from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $16.00 to $32.50 in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.06.

The firm has a market cap of $1.24 billion, a P/E ratio of 15.77 and a beta of 1.20. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.58 and a current ratio of 1.24.

Supervalu (NYSE:SVU) last released its quarterly earnings data on Wednesday, October 17th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.59). Supervalu had a net margin of 0.08% and a return on equity of 12.87%. Analysts predict that Supervalu Inc. will post 1.59 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in SVU. BlackRock Inc. lifted its stake in shares of Supervalu by 9.4% in the 2nd quarter. BlackRock Inc. now owns 5,408,794 shares of the company’s stock valued at $110,988,000 after purchasing an additional 463,717 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Supervalu by 52.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,141,292 shares of the company’s stock valued at $64,459,000 after purchasing an additional 1,076,702 shares during the period. Towle & Co. lifted its stake in shares of Supervalu by 4.7% in the 2nd quarter. Towle & Co. now owns 2,701,012 shares of the company’s stock valued at $55,425,000 after purchasing an additional 121,869 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Supervalu by 68.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,063,307 shares of the company’s stock valued at $21,819,000 after purchasing an additional 431,925 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Supervalu by 5.6% in the 2nd quarter. Royce & Associates LP now owns 793,807 shares of the company’s stock valued at $16,289,000 after purchasing an additional 42,000 shares during the period. 92.19% of the stock is currently owned by institutional investors and hedge funds.

Supervalu Company Profile (NYSE:SVU)

SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States and internationally. It operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.

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