SuperValu Inc. (NYSE:SVU) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also commented on SVU. Royal Bank Of Canada set a $42.00 price target on shares of SuperValu and gave the company a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of SuperValu from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Telsey Advisory Group reduced their target price on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a research report on Tuesday, June 27th. Pivotal Research set a $42.00 target price on shares of SuperValu and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $28.00 target price (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. SuperValu presently has an average rating of “Hold” and a consensus target price of $32.67.

SuperValu (SVU) traded down 0.85% during midday trading on Friday, hitting $19.82. The stock had a trading volume of 561,181 shares. SuperValu has a 52 week low of $19.16 and a 52 week high of $40.11. The stock’s 50 day moving average price is $22.74 and its 200-day moving average price is $25.17. The company has a market cap of $755.97 million, a PE ratio of 1.22 and a beta of 2.12.

SuperValu (NYSE:SVU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. SuperValu’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. Equities research analysts predict that SuperValu will post $2.36 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of SuperValu by 0.7% in the second quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock valued at $119,000 after buying an additional 246 shares in the last quarter. State of Alaska Department of Revenue raised its position 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. Sigma Planning Corp raised its position in shares of SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of SuperValu by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock valued at $683,000 after buying an additional 1,492 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in shares of SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock valued at $643,000 after buying an additional 1,645 shares in the last quarter.

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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Analyst Recommendations for SuperValu (NYSE:SVU)

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