SuperValu Inc. (NYSE:SVU) gapped down prior to trading on Tuesday . The stock had previously closed at $16.20, but opened at $15.55. SuperValu shares last traded at $15.30, with a volume of 1615600 shares changing hands.
Several equities research analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on SuperValu in a research note on Tuesday. They issued a “sell” rating and a $14.00 price objective on the stock. Zacks Investment Research lowered SuperValu from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. ValuEngine upgraded SuperValu from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Pivotal Research set a $39.00 price target on SuperValu and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. SuperValu presently has a consensus rating of “Hold” and an average target price of $26.50.
The stock has a market capitalization of $597.25, a PE ratio of 6.62 and a beta of 2.30. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 4.76.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. SuperValu’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. research analysts forecast that SuperValu Inc. will post 2.26 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. bought a new position in SuperValu in the 3rd quarter valued at $252,000. Nine Chapters Capital Management LLC boosted its position in SuperValu by 75.7% in the 3rd quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock valued at $394,000 after buying an additional 7,800 shares during the last quarter. Lenox Wealth Management Inc. bought a new position in SuperValu in the 3rd quarter valued at $486,000. Cambridge Investment Research Advisors Inc. bought a new position in SuperValu in the 3rd quarter valued at $537,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in SuperValu in the 3rd quarter valued at $608,000.
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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