Supervalu (SVU) Bonds Drop 2.4% During Trading

An issue of Supervalu Inc. (NYSE:SVU) debt fell 2.4% against its face value during trading on Wednesday. The high-yield issue of debt has a 6.75% coupon and will mature on June 1, 2021. The debt is now trading at $98.13 and was trading at $100.38 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

SVU has been the subject of several recent research reports. ValuEngine upgraded shares of Supervalu from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. 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. Morgan Stanley dropped their target price on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating for the company in a report on Thursday, October 19th. Royal Bank of Canada restated an “outperform” rating and set a $35.00 target price on shares of Supervalu in a report on Thursday, October 19th. Finally, Northcoast Research restated a “neutral” rating on shares of Supervalu in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Supervalu has a consensus rating of “Hold” and an average price target of $26.50.

Shares of Supervalu Inc. (NYSE:SVU) opened at $16.94 on Thursday. The company has a market cap of $650.64, a PE ratio of -30.25 and a beta of 2.29. Supervalu Inc. has a twelve month low of $14.55 and a twelve month high of $32.41. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76.

Supervalu (NYSE:SVU) last issued its quarterly earnings results on Wednesday, January 10th. The company reported $0.61 EPS 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. research analysts predict that Supervalu Inc. will post 2.26 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Supervalu in the third quarter worth approximately $147,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Supervalu in the third quarter worth approximately $252,000. Nine Chapters Capital Management LLC boosted its position in shares of Supervalu by 75.7% in the third quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock worth $394,000 after acquiring an additional 7,800 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of Supervalu in the third quarter worth approximately $486,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Supervalu in the third quarter worth approximately $537,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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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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