Supervalu Inc. (NYSE:SVU)’s share price was up 2.7% on Thursday . The company traded as high as $15.76 and last traded at $15.01. Approximately 560,882 shares were traded during trading, a decline of 71% from the average daily volume of 1,947,383 shares. The stock had previously closed at $15.42.
A number of equities analysts recently weighed in on SVU shares. Wells Fargo & Co started coverage on shares of Supervalu in a research note on Friday, November 3rd. They set a “market perform” rating and a $16.00 target price for the company. Morgan Stanley lowered their target price on shares of Supervalu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research note on Thursday, October 19th. Goldman Sachs Group reissued a “sell” rating and set a $14.00 target price on shares of Supervalu in a research note on Tuesday, November 14th. Pivotal Research set a $39.00 target price on shares of Supervalu and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $35.00 target price on shares of Supervalu in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Supervalu presently has an average rating of “Hold” and an average price target of $24.69.
The company has a debt-to-equity ratio of 4.65, a current ratio of 1.24 and a quick ratio of 0.47. The company has a market capitalization of $589.96, a P/E ratio of 5.89 and a beta of 1.49.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Supervalu by 2.3% in the second quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock worth $98,671,000 after purchasing an additional 682,044 shares during the period. Dimensional Fund Advisors LP grew its holdings in Supervalu by 35.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock worth $24,016,000 after purchasing an additional 1,903,023 shares during the period. Ameriprise Financial Inc. grew its holdings in Supervalu by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 1,948,274 shares of the company’s stock worth $6,410,000 after purchasing an additional 57,381 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Supervalu by 24.1% in the second quarter. Parametric Portfolio Associates LLC now owns 1,915,581 shares of the company’s stock worth $6,302,000 after purchasing an additional 371,885 shares during the period. Finally, LSV Asset Management grew its holdings in Supervalu by 3.4% in the fourth quarter. LSV Asset Management now owns 1,845,995 shares of the company’s stock worth $39,873,000 after purchasing an additional 60,104 shares during the period. Institutional investors and hedge funds own 80.85% of the company’s stock.
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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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