Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) has earned an average rating of “Hold” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $21.3077.
ACI has been the topic of several research reports. Weiss Ratings cut Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. cut their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Citigroup cut their target price on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. UBS Group cut their target price on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Albertsons Companies in a research note on Monday, April 6th.
View Our Latest Stock Report on Albertsons Companies
Albertsons Companies Price Performance
Albertsons Companies (NYSE:ACI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $20.25 billion during the quarter, compared to analyst estimates of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.Albertsons Companies’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Sell-side analysts predict that Albertsons Companies will post 2.11 EPS for the current fiscal year.
Albertsons Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, April 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s dividend payout ratio (DPR) is presently 212.50%.
Institutional Investors Weigh In On Albertsons Companies
Institutional investors have recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of Albertsons Companies during the 3rd quarter worth approximately $1,492,000. Norges Bank acquired a new position in shares of Albertsons Companies during the 4th quarter worth approximately $388,089,000. Towle & Co. increased its position in shares of Albertsons Companies by 674.2% during the 3rd quarter. Towle & Co. now owns 339,227 shares of the company’s stock worth $5,940,000 after purchasing an additional 295,413 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Albertsons Companies by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock worth $675,305,000 after purchasing an additional 5,110,777 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Albertsons Companies during the 3rd quarter worth approximately $2,307,000. Institutional investors own 71.35% of the company’s stock.
About Albertsons Companies
Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.
Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.
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