SuperValu Inc. (NYSE:SVU) released its quarterly earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07, reports. The company had revenue of $4 billion during 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 was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS.
SuperValu (NYSE:SVU) traded up 0.54% during midday trading on Friday, hitting $22.47. The company had a trading volume of 483,580 shares. The company has a market cap of $857.05 million, a P/E ratio of 1.39 and a beta of 2.06. SuperValu has a one year low of $20.30 and a one year high of $40.18. The company’s 50 day moving average is $23.36 and its 200-day moving average is $25.62.
A number of institutional investors have recently modified their holdings of SVU. Russell Investments Group Ltd. acquired a new position in shares of SuperValu during the fourth quarter valued at about $1,004,000. Comerica Bank increased its position in shares of SuperValu by 6.5% in the fourth quarter. Comerica Bank now owns 241,251 shares of the company’s stock valued at $1,023,000 after buying an additional 14,701 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SuperValu by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,278,051 shares of the company’s stock valued at $24,649,000 after buying an additional 269,524 shares during the last quarter. FMR LLC increased its position in shares of SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock valued at $1,993,000 after buying an additional 2,200 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in SuperValu by 101.1% in the fourth quarter. Guggenheim Capital LLC now owns 310,301 shares of the company’s stock valued at $1,449,000 after buying an additional 155,964 shares during the period.
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A number of equities analysts have weighed in on SVU shares. Zacks Investment Research cut SuperValu from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $42.00 target price on shares of SuperValu in a research report on Tuesday, May 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $28.00 target price (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. ValuEngine lowered SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of SuperValu in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.08.
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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