SuperValu (NYSE: SVU) recently received a number of ratings updates from brokerages and research firms:

  • 8/3/2017 – SuperValu was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/31/2017 – SuperValu was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “SUPERVALU reported better-than-expected first quarter fiscal 2018 sales results, but earnings missed the same. Nevertheless, both earnings and revenues increased year-over-year during the quarter. We note that SUPERVALU shares have underperformed the industry for the last three months, probably due to sluggish retail business, tough competitive pressure and depleting footfalls at the supermarkets. However, we believe the company’s efforts to turnaround and improve its businesses is commendable. The company is trying to develop wholesale operations, primarily through adding new customers, retaining and developing business with existing customers and acquisitions. The acquisition of Unified Grocers is expected to boost Supervalu’s wholesale business and will also complement its customer base. In addition, the company is taking several measures to improve the performance of its retail business as well as increase operating efficiency.”
  • 7/27/2017 – SuperValu was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SUPERVALU reported better-than-expected first quarter fiscal 2018 sales results, but earnings missed the same. Nevertheless, both earnings and revenues increased year-over-year during the quarter. We note that SUPERVALU shares have underperformed the industry for the last three months, probably due to sluggish retail business, tough competitive pressure and depleting footfalls at the supermarkets. However, we believe the company’s efforts to turnaround and improve its businesses is commendable. The company is trying to develop wholesale operations, primarily through adding new customers, retaining and developing business with existing customers and acquisitions. The acquisition of Unified Grocers is expected to boost Supervalu’s wholesale business and will also complement its customer base. In addition, the company is taking several measures to improve the performance of its retail business as well as increase operating efficiency.”
  • 7/26/2017 – SuperValu had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $28.00 price target on the stock, down previously from $35.00.
  • 7/26/2017 – SuperValu had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $38.50 price target on the stock. They 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.””
  • 7/16/2017 – SuperValu was given a new $42.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 6/28/2017 – SuperValu had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $42.00 price target on the stock.
  • 6/27/2017 – SuperValu had its price target lowered by analysts at Telsey Advisory Group from $38.50 to $31.50. They now have a “market perform” rating on the stock.
  • 6/21/2017 – SuperValu was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of SUPERVALU have underperformed the industry on year-to-date basis. We note that the company has been witnessing sluggish sales in the retail business, primarily due to lower traffic, price competition, ongoing deflation and lower SNAP. Moreover, it continues to face tough competitive pressure that has hit the grocery industry as a whole. Further, deflationary environment in food products and depleting footfalls at the supermarkets are causes of concern for the grocery chain. Going ahead, management expects the trend to continue in the near term. Though SUPERVALU is trying to keep the costs down but its selling and administrative expenses have been rising higher than the revenues. Nevertheless, the company is optimistic on its wholesale business, which will be further boosted by the acquisition of Unified Grocers. Also, it is taking several measures to improve the performance of its retail business as well as increase operating efficiency.”
  • 6/19/2017 – SuperValu had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $24.50 price target on the stock, down previously from $31.50.
  • 6/15/2017 – SuperValu was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Estimates have been declining since past 60 days. In fact, shares have underperformed the Zacks categorized industry on a year-to-date basis. While SUPERVALU reported better-than-expected fourth quarter fiscal 2017 results, revenues inched up only 0.6% year-over-year in the quarter and earnings fell 7.1% from the prior-year quarter. We commend its decision to spin off its Save-A-Lot stores a positive as this would help the company to concentrate on its more profitable core businesses. The acquisition of Unified Grocers will also help boost its wholesale business. Moreover, it has undertaken several initiatives to improve comps in the retail sector and increase operating efficiency. However, the company continues to face tough competitive pressure that has hit the grocery industry as a whole. Further, deflationary environment in food products and depleting footfalls at the supermarkets are causes of concern for the grocery chain.”

SuperValu Inc. (SVU) traded down 0.65% during trading on Monday, reaching $24.38. The company had a trading volume of 106,919 shares. The company has a 50 day moving average price of $3.33 and a 200 day moving average price of $3.73. SuperValu Inc. has a 52-week low of $2.90 and a 52-week high of $40.18.

SuperValu (NYSE:SVU) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $1.33 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that SuperValu Inc. will post $2.37 EPS for the current year.

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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