The Manufacturers Life Insurance Company grew its stake in SuperValu Inc. (NYSE:SVU) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,493 shares of the company’s stock after purchasing an additional 1,492 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.54% of SuperValu worth $683,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Gotham Asset Management LLC purchased a new stake in shares of SuperValu in the second quarter valued at approximately $4,222,000. Graham Capital Management L.P. boosted its stake in shares of SuperValu by 7.5% in the second quarter. Graham Capital Management L.P. now owns 334,700 shares of the company’s stock valued at $1,101,000 after buying an additional 23,400 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of SuperValu in the second quarter valued at approximately $2,283,000. Voya Investment Management LLC boosted its stake in shares of SuperValu by 11.9% in the second quarter. Voya Investment Management LLC now owns 120,015 shares of the company’s stock valued at $395,000 after buying an additional 12,729 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SuperValu by 35.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock valued at $24,016,000 after buying an additional 1,903,023 shares in the last quarter.
Shares of SuperValu Inc. (NYSE:SVU) opened at $16.32 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. The company has a market capitalization of $626.83, a price-to-earnings ratio of 6.95 and a beta of 2.30. SuperValu Inc. has a 12-month low of $14.55 and a 12-month high of $35.91.
SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.78 billion. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. SuperValu’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. equities analysts predict that SuperValu Inc. will post 2.26 EPS for the current year.
A number of analysts recently weighed in on SVU shares. Deutsche Bank AG restated a “hold” rating and issued a $28.00 price target (down from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. Pivotal Research restated a “buy” rating and issued a $38.50 price target on shares of SuperValu in a research note on Wednesday, July 26th. Zacks Investment Research downgraded SuperValu from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine upgraded SuperValu from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.50.
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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