Dimensional Fund Advisors LP boosted its stake in shares of SuperValu Inc. (NYSE:SVU) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,396,791 shares of the company’s stock after buying an additional 118,740 shares during the period. Dimensional Fund Advisors LP owned approximately 2.02% of SuperValu worth $20,831,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in SVU. State of Alaska Department of Revenue increased its stake 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 increased its stake in shares of SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in SuperValu by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 109,000 shares of the company’s stock worth $421,000 after buying an additional 2,000 shares during the last quarter. FMR LLC boosted its position in SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock worth $1,993,000 after buying an additional 2,200 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in SuperValu by 1.8% in the first quarter. Arizona State Retirement System now owns 139,500 shares of the company’s stock worth $538,000 after buying an additional 2,500 shares during the last quarter. 80.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of SuperValu Inc. (NYSE:SVU) traded up 2.12% on Friday, reaching $23.12. 110,650 shares of the company’s stock traded hands. The firm has a market capitalization of $881.84 million, a P/E ratio of 1.43 and a beta of 2.06. The firm’s 50 day moving average is $23.16 and its 200 day moving average is $25.85. SuperValu Inc. has a 52 week low of $20.30 and a 52 week high of $40.18.
SuperValu (NYSE:SVU) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Analysts expect that SuperValu Inc. will post $2.36 earnings per share for the current fiscal year.
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A number of research firms have recently commented on SVU. Royal Bank Of Canada set a $42.00 price target on shares of SuperValu and gave the stock a “buy” rating in a report on Thursday, April 27th. Deutsche Bank AG restated a “hold” rating and issued a $28.00 price target (down from $35.00) on shares of SuperValu in a report on Wednesday, July 26th. Pivotal Research restated a “buy” rating and issued a $38.50 price target on shares of SuperValu in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, July 31st. Finally, ValuEngine upgraded shares of SuperValu from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.08.
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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