Supervalu Inc. (SVU) Earns Buy Rating from Royal Bank of Canada

Supervalu Inc. (NYSE:SVU)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank of Canada in a report released on Tuesday. They presently have a $6.00 target price on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 55.84% from the stock’s current price.

SVU has been the subject of several other research reports. Zacks Investment Research raised shares of Supervalu from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Guggenheim reaffirmed a “neutral” rating on shares of Supervalu in a research report on Wednesday, April 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.32.

Analyst Recommendations for Supervalu (NYSE:SVU)

Shares of Supervalu (SVU) remained flat at $3.85 during trading on Tuesday. The stock had a trading volume of 1,468,365 shares. The firm has a 50 day moving average of $3.98 and a 200-day moving average of $4.14. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 1.57 and a beta of 2.07. Supervalu has a one year low of $3.20 and a one year high of $5.74.

Supervalu (NYSE:SVU) last released its quarterly earnings results on Tuesday, April 25th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. Supervalu had a net margin of 0.64% and a negative return on equity of 43.47%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts anticipate that Supervalu will post $0.35 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in SVU. Norges Bank bought a new position in shares of Supervalu during the fourth quarter worth about $14,230,000. Wilen Investment Management CORP. increased its position in shares of Supervalu by 156.4% in the third quarter. Wilen Investment Management CORP. now owns 802,628 shares of the company’s stock worth $3,812,000 after buying an additional 489,617 shares during the period. 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 worth $1,023,000 after buying an additional 14,701 shares during the period. Allianz Asset Management AG bought a new position in shares of Supervalu during the fourth quarter worth about $11,208,000. Finally, 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 worth $24,649,000 after buying an additional 269,524 shares during the period. Institutional investors own 85.27% of the company’s stock.

About Supervalu

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SVU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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