Albertsons Companies (NYSE:ACI – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.
A number of other analysts have also weighed in on ACI. Royal Bank Of Canada dropped their price objective on Albertsons Companies from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 target price (down from $22.00) on shares of Albertsons Companies in a research note on Friday, July 24th. Citigroup reiterated a “neutral” rating and set a $11.00 price target (down from $17.00) on shares of Albertsons Companies in a report on Monday, July 27th. The Goldman Sachs Group dropped their price target on shares of Albertsons Companies from $24.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Albertsons Companies in a report on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.31.
Check Out Our Latest Stock Analysis on ACI
Albertsons Companies Stock Down 0.2%
Albertsons Companies (NYSE:ACI – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.12). Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The company had revenue of $24.94 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. On average, equities analysts anticipate that Albertsons Companies will post 1.65 earnings per share for the current year.
Insider Activity at Albertsons Companies
In related news, CFO Sharon Mccollam acquired 9,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $11.48 per share, for a total transaction of $103,320.00. Following the acquisition, the chief financial officer owned 567,051 shares of the company’s stock, valued at $6,509,745.48. This trade represents a 1.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas M. Moriarty bought 170,500 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was bought at an average cost of $11.51 per share, with a total value of $1,962,455.00. Following the completion of the transaction, the executive vice president owned 308,946 shares in the company, valued at approximately $3,555,968.46. This trade represents a 123.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 218,909 shares of company stock worth $2,515,826 over the last quarter. Corporate insiders own 1.18% of the company’s stock.
Hedge Funds Weigh In On Albertsons Companies
Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in Albertsons Companies by 172.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after acquiring an additional 1,306 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Albertsons Companies by 144.3% during the second quarter. Allworth Financial LP now owns 3,767 shares of the company’s stock valued at $51,000 after acquiring an additional 2,225 shares in the last quarter. Continuum Advisory LLC purchased a new position in shares of Albertsons Companies in the 2nd quarter worth about $66,000. Versant Capital Management Inc raised its position in shares of Albertsons Companies by 2,406.4% in the 2nd quarter. Versant Capital Management Inc now owns 5,113 shares of the company’s stock worth $69,000 after purchasing an additional 4,909 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Albertsons Companies by 32,526.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,894 shares of the company’s stock worth $84,000 after purchasing an additional 4,879 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.
About Albertsons Companies
Albertsons Companies, Inc is a food and drug retailer that operates supermarkets, pharmacies and related omnichannel grocery businesses in the United States. Its stores offer fresh produce, meat and seafood, bakery and deli products, packaged groceries, household goods, health and beauty products, and pharmacy services. The company also provides online ordering, grocery delivery and pickup services through its digital platforms.
Albertsons Companies operates under a portfolio of well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Market Street, Pavilions, Carrs and Haggen.
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