Stock Traders Buy High Volume of Put Options on Supervalu (SVU)

Supervalu Inc. (NYSE:SVU) saw unusually large options trading on Wednesday. Stock investors acquired 5,117 put options on the stock. This represents an increase of 1,130% compared to the average daily volume of 416 put options.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Supervalu in the third quarter valued at $147,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Supervalu in the third quarter valued at $252,000. Nine Chapters Capital Management LLC raised its stake in shares of Supervalu by 75.7% in the third quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock valued at $394,000 after acquiring an additional 7,800 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of Supervalu in the third quarter valued at $486,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Supervalu in the third quarter valued at $537,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Supervalu (NYSE:SVU) opened at $16.33 on Friday. Supervalu has a 52-week low of $14.55 and a 52-week high of $31.29. The company has a market capitalization of $627.21, a price-to-earnings ratio of 71.00 and a beta of 2.29. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.57 and a current ratio of 1.21.

Supervalu (NYSE:SVU) last announced its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4 billion. Supervalu had a return on equity of 41.33% and a net margin of 4.08%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. equities research analysts predict that Supervalu will post 2.26 EPS for the current year.

Several brokerages recently weighed in on SVU. ValuEngine upgraded Supervalu from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Pivotal Research set a $39.00 price objective on Supervalu and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley lowered their price objective on Supervalu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Supervalu in a research report on Thursday, October 19th. Finally, Northcoast Research restated a “neutral” rating on shares of Supervalu in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.69.

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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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