Albertsons Companies (NYSE:ACI) Hits New 52-Week Low – Here’s What Happened

Albertsons Companies, Inc. (NYSE:ACIGet Free Report) shares reached a new 52-week low on Monday . The company traded as low as $13.31 and last traded at $13.7890, with a volume of 833690 shares trading hands. The stock had previously closed at $13.45.

Analyst Ratings Changes

A number of equities analysts have weighed in on ACI shares. JPMorgan Chase & Co. decreased their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Albertsons Companies in a research note on Monday, April 6th. UBS Group lowered their price objective on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Citigroup dropped their price objective on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.31.

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Albertsons Companies Stock Performance

The company has a market cap of $6.89 billion, a P/E ratio of 43.53, a PEG ratio of 1.56 and a beta of 0.40. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. The company has a 50 day moving average price of $15.96 and a 200-day moving average price of $16.88.

Albertsons Companies (NYSE:ACIGet Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Equities analysts expect that Albertsons Companies, Inc. will post 2.11 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.9%. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 24th. Albertsons Companies’s dividend payout ratio (DPR) is presently 212.50%.

Hedge Funds Weigh In On Albertsons Companies

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in shares of Albertsons Companies by 121.9% during the 1st quarter. Empowered Funds LLC now owns 42,274 shares of the company’s stock valued at $720,000 after purchasing an additional 23,227 shares in the last quarter. Carlson Capital L.P. boosted its holdings in Albertsons Companies by 138.4% during the first quarter. Carlson Capital L.P. now owns 119,200 shares of the company’s stock worth $2,031,000 after buying an additional 69,200 shares in the last quarter. Bank of America Corp DE boosted its holdings in Albertsons Companies by 43.8% during the first quarter. Bank of America Corp DE now owns 1,899,233 shares of the company’s stock worth $32,363,000 after buying an additional 578,401 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Albertsons Companies by 170.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,585 shares of the company’s stock worth $95,000 after buying an additional 3,523 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Albertsons Companies by 21.2% in the first quarter. California State Teachers Retirement System now owns 422,999 shares of the company’s stock worth $7,208,000 after buying an additional 73,870 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

About Albertsons Companies

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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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