SuperValu Inc. (NYSE:SVU) issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.07, reports. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. SuperValu’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 EPS.
Shares of SuperValu (SVU) opened at 22.92 on Friday. The firm has a market cap of $874.21 million, a P/E ratio of 1.41 and a beta of 2.06. SuperValu has a 52 week low of $20.30 and a 52 week high of $26.51. The stock has a 50 day moving average of $21.13 and a 200 day moving average of $8.14.
Several large investors have recently made changes to their positions in SVU. BlackRock Inc. boosted its stake in shares of SuperValu by 11,576.6% in the first 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 in the last quarter. UBS Oconnor LLC boosted its stake in SuperValu by 323.4% in the first 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. Norges Bank acquired a new stake in SuperValu during the fourth quarter worth $14,230,000. Dimensional Fund Advisors LP boosted its stake in SuperValu by 35.3% in the second 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. Finally, Cooper Creek Partners Management LLC boosted its stake in SuperValu by 60.8% in the second 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. Institutional investors own 80.47% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Wednesday. Pivotal Research reissued a “buy” rating and issued a $38.50 price target on shares of SuperValu in a research report on Wednesday, July 26th. BidaskClub lowered shares of SuperValu from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine raised shares of SuperValu from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Telsey Advisory Group dropped their price target on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.08.
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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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