Supervalu Target of Unusually Large Options Trading (SVU)
Supervalu Inc. (NYSE:SVU) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 5,117 put options on the stock. This is an increase of approximately 1,130% compared to the typical daily volume of 416 put options.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Supervalu by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after acquiring an additional 682,044 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Supervalu by 35.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock valued at $24,016,000 after acquiring an additional 1,903,023 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Supervalu by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock valued at $17,775,000 after acquiring an additional 62,061 shares during the period. Cooper Creek Partners Management LLC increased its holdings in shares of Supervalu by 60.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock valued at $15,849,000 after acquiring an additional 1,820,941 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Supervalu by 3.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,898,027 shares of the company’s stock valued at $12,825,000 after acquiring an additional 132,579 shares during the period. 80.63% of the stock is currently owned by institutional investors.
SVU has been the topic of several analyst reports. Pivotal Research set a $39.00 target price on shares of Supervalu and gave the company a “buy” rating in a report on Tuesday, October 17th. ValuEngine raised shares of Supervalu from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Northcoast Research reissued a “neutral” rating on shares of Supervalu in a report on Thursday, October 19th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Supervalu in a report on Thursday, October 19th. Finally, Morgan Stanley cut their price objective on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.69.
Supervalu (NYSE:SVU) last released its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Supervalu had a net margin of 4.08% and a return on equity of 41.33%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. sell-side analysts expect that Supervalu will post 2.26 EPS for the current year.
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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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