SuperValu Inc. (SVU) Posts Earnings Results, Hits Estimates
SuperValu Inc. (NYSE:SVU) posted its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. SuperValu had a net margin of 0.94% and a negative return on equity of 43.67%.
Shares of SuperValu (NYSE:SVU) opened at 5.02 on Wednesday. The company has a market cap of $1.33 billion, a P/E ratio of 8.42 and a beta of 1.92. SuperValu has a 52 week low of $3.94 and a 52 week high of $7.28. The company’s 50-day moving average price is $4.98 and its 200 day moving average price is $4.98.
Several research firms recently issued reports on SVU. Pivotal Research reissued a “buy” rating and issued a $8.00 price target on shares of SuperValu in a research report on Tuesday. RBC Capital Markets reissued a “sector perform” rating and issued a $6.00 price target (down previously from $7.00) on shares of SuperValu in a research report on Friday, September 9th. Royal Bank Of Canada reduced their price target on shares of SuperValu from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Friday, September 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $5.00 price target on shares of SuperValu in a research report on Tuesday, July 26th. Finally, Morgan Stanley reduced their price target on shares of SuperValu from $5.50 to $5.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.75.
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Several hedge funds and other institutional investors have recently made changes to their positions in SVU. Profund Advisors LLC raised its position in shares of SuperValu by 10.3% in the second quarter. Profund Advisors LLC now owns 44,719 shares of the company’s stock worth $211,000 after buying an additional 4,187 shares in the last quarter. Algert Global LLC raised its position in shares of SuperValu by 1.2% in the second quarter. Algert Global LLC now owns 70,181 shares of the company’s stock worth $331,000 after buying an additional 819 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of SuperValu by 6.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,481 shares of the company’s stock worth $101,000 after buying an additional 1,387 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of SuperValu during the second quarter worth $983,000. Finally, TFS Capital LLC raised its position in shares of SuperValu by 40.7% in the second quarter. TFS Capital LLC now owns 369,299 shares of the company’s stock worth $1,743,000 after buying an additional 106,886 shares in the last quarter. 82.17% of the stock is currently owned by institutional investors and hedge funds.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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