State Street Corp cut its stake in SuperValu Inc. (NYSE:SVU) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,020,510 shares of the company’s stock after selling 187,853 shares during the quarter. State Street Corp owned approximately 21.03% of SuperValu worth $26,386,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in SuperValu by 5.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares in the last quarter. Amalgamated Bank lifted its stake in SuperValu by 0.7% in the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares in the last quarter. Sigma Planning Corp lifted its stake in SuperValu by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares in the last quarter. Hartford Investment Management Co. purchased a new position in SuperValu in the 2nd quarter worth approximately $149,000. Finally, Northwestern Mutual Investment Management Company LLC purchased a new position in SuperValu in the 2nd quarter worth approximately $216,000.
Shares of SuperValu Inc. (NYSE:SVU) opened at $15.30 on Tuesday. The company has a market cap of $597.25, a P/E ratio of 6.62 and a beta of 2.30. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 4.76. SuperValu Inc. has a 12-month low of $14.55 and a 12-month high of $36.68.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. analysts forecast that SuperValu Inc. will post 2.26 earnings per share for the current year.
A number of research firms have weighed in on SVU. Pivotal Research reissued a “buy” rating and issued a $38.50 target price on shares of SuperValu in a research note on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and issued a $28.00 target price (down from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Monday, July 31st. ValuEngine raised shares of SuperValu from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. SuperValu has a consensus rating of “Hold” and an average target price of $28.29.
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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