SuperValu Inc. (NYSE:SVU) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 21,467,054 shares, a growth of 26.2% from the June 15th total of 17,012,133 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 7,238,856 shares, the days-to-cover ratio is currently 3.0 days.

SVU has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $3.50 price objective (down previously from $4.50) on shares of SuperValu in a report on Monday, June 19th. Royal Bank Of Canada upgraded SuperValu from a “sector perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Thursday, March 23rd. Guggenheim reiterated a “neutral” rating on shares of SuperValu in a report on Monday, May 1st. ValuEngine downgraded SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised SuperValu from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.92.

SuperValu (NYSE:SVU) opened at 3.27 on Tuesday. SuperValu has a 1-year low of $2.90 and a 1-year high of $5.74. The firm has a market capitalization of $873.09 million, a PE ratio of 1.33 and a beta of 2.03. The firm has a 50-day moving average price of $3.69 and a 200-day moving average price of $3.96.

SuperValu (NYSE:SVU) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $0.23 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect that SuperValu will post $0.36 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of SVU. State of Alaska Department of Revenue raised its position in SuperValu by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 52,551 shares of the company’s stock valued at $172,000 after buying an additional 23,011 shares during the period. UBS Oconnor LLC raised its position in SuperValu by 323.4% in the first quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after buying an additional 7,044,616 shares during the period. Public Employees Retirement System of Ohio raised its position in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares during the period. Credit Suisse AG raised its position in SuperValu by 49.6% in the first quarter. Credit Suisse AG now owns 911,476 shares of the company’s stock valued at $3,519,000 after buying an additional 302,038 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in SuperValu by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 179,751 shares of the company’s stock valued at $694,000 after buying an additional 3,900 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.

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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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