Fondren Management LP bought a new stake in shares of Supervalu Inc. (NYSE:SVU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 95,000 shares of the company’s stock, valued at approximately $2,052,000. Supervalu makes up approximately 1.4% of Fondren Management LP’s investment portfolio, making the stock its 14th largest holding.
Several other institutional investors have also made changes to their positions in SVU. The Manufacturers Life Insurance Company boosted its position in shares of Supervalu by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 207,493 shares of the company’s stock valued at $683,000 after purchasing an additional 1,492 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Supervalu during the 3rd quarter valued at about $252,000. State of Tennessee Treasury Department bought a new stake in shares of Supervalu during the 3rd quarter valued at about $734,000. Boston Partners bought a new stake in shares of Supervalu during the 3rd quarter valued at about $7,848,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Supervalu during the 3rd quarter valued at about $608,000. Institutional investors own 95.83% of the company’s stock.
Several equities research analysts recently commented on SVU shares. Goldman Sachs Group restated a “sell” rating and set a $14.00 target price on shares of Supervalu in a research report on Tuesday, November 14th. ValuEngine lowered Supervalu from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $34.00 target price on Supervalu and gave the company a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered Supervalu from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $18.00 target price (down previously from $24.00) on shares of Supervalu in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Supervalu has an average rating of “Hold” and a consensus price target of $23.44.
Supervalu (NYSE:SVU) last announced its quarterly earnings results on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4 billion. Supervalu had a return on equity of 26.48% and a net margin of 4.17%. The company’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. equities analysts expect that Supervalu Inc. will post 2.43 EPS for the current year.
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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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