Supervalu (SVU) Shares Gap Down to $19.63

Supervalu Inc. (NYSE:SVU) shares gapped down prior to trading on Thursday . The stock had previously closed at $20.48, but opened at $19.63. Supervalu shares last traded at $16.94, with a volume of 8736300 shares changing hands.

A number of brokerages recently weighed in on SVU. Royal Bank of Canada set a $34.00 target price on Supervalu and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research cut Supervalu from a “hold” rating to a “sell” rating in a report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and issued a $18.00 target price (down previously from $24.00) on shares of Supervalu in a report on Thursday. ValuEngine upgraded Supervalu from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $14.00 target price on shares of Supervalu in a report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.69.

The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.57 and a current ratio of 1.21. The firm has a market cap of $632.59, a PE ratio of 71.61 and a beta of 2.29.

Supervalu (NYSE:SVU) last released its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.48 by $0.13. Supervalu had a return on equity of 41.33% and a net margin of 4.08%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue was up 31.2% compared to the same quarter last year. analysts forecast that Supervalu Inc. will post 2.26 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in 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 purchasing an additional 682,044 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Supervalu by 35.3% during the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after acquiring an additional 1,903,023 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Supervalu by 1.2% during the second quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock worth $17,775,000 after acquiring an additional 62,061 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Supervalu by 60.8% during the second quarter. Cooper Creek Partners Management LLC now owns 4,817,245 shares of the company’s stock worth $15,849,000 after acquiring an additional 1,820,941 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Supervalu by 3.5% during the second quarter. Wells Fargo & Company MN now owns 3,898,027 shares of the company’s stock worth $12,825,000 after acquiring an additional 132,579 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

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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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