SuperValu’s (NYSE:SVU) Buy Rating Reiterated at Pivotal Research
SuperValu Inc. (NYSE:SVU)‘s stock had its “buy” rating reissued by research analysts at Pivotal Research in a note issued to investors on Wednesday. They currently have a $5.50 target price on the stock. Pivotal Research’s price objective suggests a potential upside of 47.06% from the stock’s current price.
The analysts wrote, “We can support a price target of $5.50 excluding any longer-term synergy benefits from Unified. Any sale/leaseback transaction in Wholesale or accretive M&A activity in the Retail segment would result in further upside to our $5.50 price target.””
A number of other research analysts also recently weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $4.00 price objective (down previously from $5.00) on shares of SuperValu in a research report on Wednesday. Royal Bank Of Canada set a $6.00 price objective on shares of SuperValu and gave the stock a “buy” rating in a research report on Sunday, July 16th. Telsey Advisory Group decreased their price objective on shares of SuperValu from $5.50 to $4.50 and set a “market perform” rating for the company in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, 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 research report on Monday, June 19th. 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 stock. SuperValu has an average rating of “Hold” and a consensus target price of $4.75.
Shares of SuperValu (NYSE:SVU) traded down 4.81% during midday trading on Wednesday, reaching $3.56. The company’s stock had a trading volume of 7,554,668 shares. The stock has a 50-day moving average of $3.39 and a 200 day moving average of $3.77. The firm has a market capitalization of $950.52 million, a P/E ratio of 1.45 and a beta of 2.02. SuperValu has a 12-month low of $2.90 and a 12-month high of $5.74.
SuperValu (NYSE:SVU) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Equities research analysts predict that SuperValu will post $0.32 EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the stock. Palo Capital acquired a new stake in shares of SuperValu during the third quarter valued at about $88,000. Oakbrook Investments LLC boosted its stake in shares of SuperValu by 6.9% in the second quarter. Oakbrook Investments LLC now owns 21,700 shares of the company’s stock valued at $102,000 after buying an additional 1,400 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of SuperValu during the fourth quarter valued at about $108,000. Commonwealth Equity Services Inc boosted its stake in shares of SuperValu by 30.4% in the second quarter. Commonwealth Equity Services Inc now owns 23,934 shares of the company’s stock valued at $113,000 after buying an additional 5,576 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares in the last quarter. 80.40% of the stock is owned by institutional investors.
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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