TheStreet Downgrades SuperValu Inc. (SVU) to D+
SuperValu Inc. (NYSE:SVU) was downgraded by equities researchers at TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Wednesday.
Other equities analysts also recently issued reports about the stock. Morgan Stanley decreased their price target on shares of SuperValu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $35.00 price target on shares of SuperValu in a research note on Thursday. Northcoast Research reissued a “neutral” rating on shares of SuperValu in a research note on Thursday. Telsey Advisory Group decreased their price target on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating for the company in a research note on Tuesday, June 27th. Finally, ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. SuperValu has a consensus rating of “Hold” and an average target price of $30.33.
Shares of SuperValu (SVU) opened at 15.70 on Wednesday. The company has a market capitalization of $598.83 million, a price-to-earnings ratio of 0.97 and a beta of 2.13. The company has a 50-day moving average price of $20.46 and a 200-day moving average price of $23.95. SuperValu has a 12 month low of $15.51 and a 12 month high of $38.43.
SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. SuperValu’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that SuperValu will post $2.23 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Palo Capital bought a new position in shares of SuperValu during the third quarter valued at approximately $88,000. Oakbrook Investments LLC increased its stake in shares of SuperValu by 6.9% during the second quarter. Oakbrook Investments LLC now owns 21,700 shares of the company’s stock valued at $102,000 after purchasing an additional 1,400 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of SuperValu during the fourth quarter valued at approximately $108,000. Commonwealth Equity Services Inc increased its stake in shares of SuperValu by 30.4% during the second quarter. Commonwealth Equity Services Inc now owns 23,934 shares of the company’s stock valued at $113,000 after purchasing an additional 5,576 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of SuperValu by 12.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,170 shares of the company’s stock valued at $121,000 after purchasing an additional 2,689 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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