SuperValu Inc. (SVU) Rating Reiterated by Northcoast Research
SuperValu Inc. (NYSE:SVU)‘s stock had its “neutral” rating restated by Northcoast Research in a note issued to investors on Thursday, MarketBeat Ratings reports. Northcoast Research also issued estimates for SuperValu’s FY2018 earnings at $1.94 EPS.
Several other research firms have also commented on SVU. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research note on Sunday, July 16th. Pivotal Research set a $39.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research note on Tuesday, October 17th. ValuEngine lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Telsey Advisory Group decreased their price objective 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, Deutsche Bank AG reiterated a “hold” rating and issued a $28.00 price objective (down previously from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. SuperValu presently has an average rating of “Hold” and an average price target of $30.33.
SuperValu (SVU) traded down 4.27% during trading on Thursday, reaching $15.03. The company had a trading volume of 4,613,364 shares. The company has a 50-day moving average price of $20.32 and a 200 day moving average price of $23.87. SuperValu has a one year low of $14.55 and a one year high of $36.68. The company’s market capitalization is $577.27 million.
SuperValu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The firm 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%. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Analysts expect that SuperValu will post $2.30 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in SuperValu by 11,576.6% in the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after buying an additional 40,904,886 shares during the period. UBS Oconnor LLC boosted its holdings in SuperValu by 323.4% in the 1st quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock worth $35,599,000 after buying an additional 7,044,616 shares during the period. Dimensional Fund Advisors LP boosted its holdings in SuperValu by 35.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after buying an additional 1,903,023 shares during the period. Cooper Creek Partners Management LLC boosted its holdings in SuperValu by 60.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock worth $15,849,000 after buying an additional 1,820,941 shares during the period. Finally, Gotham Asset Management LLC bought a new position in SuperValu in the 2nd quarter worth approximately $4,222,000.
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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