Supervalu (SVU) Downgraded to “Hold” at ValuEngine

Supervalu (NYSE:SVU) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research firms have also recently weighed in on SVU. Pivotal Research set a $39.00 price objective on Supervalu and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Telsey Advisory Group reissued a “market perform” rating and set a $18.00 price target (down from $24.00) on shares of Supervalu in a research report on Thursday, January 11th. Wells Fargo & Co began coverage on Supervalu in a research report on Friday, November 3rd. They set a “market perform” rating and a $16.00 price target for the company. Morgan Stanley reduced their price target on Supervalu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price target on shares of Supervalu in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.69.

Supervalu (NYSE SVU) traded down $0.80 during mid-day trading on Friday, hitting $14.80. The stock had a trading volume of 2,369,856 shares, compared to its average volume of 1,966,148. The company has a quick ratio of 0.47, a current ratio of 1.24 and a debt-to-equity ratio of 4.65. The firm has a market capitalization of $568.45, a PE ratio of 0.93 and a beta of 1.49. Supervalu has a 52 week low of $14.55 and a 52 week high of $31.29.

Supervalu (NYSE:SVU) last posted its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.13. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4 billion. Supervalu had a return on equity of 26.48% and a net margin of 4.17%. Supervalu’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. sell-side analysts anticipate that Supervalu will post 2.34 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of SVU. JPMorgan Chase & Co. lifted its position in shares of Supervalu by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 1,140,277 shares of the company’s stock valued at $3,751,000 after buying an additional 6,935 shares during the last quarter. Numeric Investors LLC acquired a new stake in shares of Supervalu in the second quarter valued at approximately $2,283,000. Boston Partners acquired a new stake in shares of Supervalu in the third quarter valued at approximately $7,848,000. Vanguard Group Inc. lifted its position in shares of Supervalu by 2.3% in the second quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after buying an additional 682,044 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Supervalu by 11.9% in the second quarter. Voya Investment Management LLC now owns 120,015 shares of the company’s stock valued at $395,000 after buying an additional 12,729 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

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About Supervalu

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Supervalu (NYSE:SVU)

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