Albertsons Companies (ACI) – Research Analysts’ Weekly Ratings Updates

Albertsons Companies (NYSE: ACI) recently received a number of ratings updates from brokerages and research firms:

• 10/21/2024 – Albertsons Companies had its “buy” rating reaffirmed by analysts at Tigress Financial. They now have a $27.00 price target on the stock.
• 10/21/2024 – Albertsons Companies was upgraded by analysts at Melius Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock.
• 10/21/2024 – Albertsons Companies was upgraded by analysts at Melius from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock.
• 10/18/2024 – Albertsons Companies had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company.
• 10/18/2024 – Albertsons Companies was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $23.00 price target on the stock, up previously from $22.00.
• 10/16/2024 – Albertsons Companies had its price target lowered by analysts at BMO Capital Markets from $21.00 to $19.00. They now have a “market perform” rating on the stock.
• 10/11/2024 – Albertsons Companies had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $27.25 price target on the stock.
• 9/23/2024 – Albertsons Companies is now covered by analysts at Melius Research. They set a “hold” rating and a $19.00 price target on the stock.

Albertsons Companies Stock Down 0.9 %

Shares of ACI stock traded down $0.17 during trading hours on Thursday, reaching $18.77. 1,730,792 shares of the company’s stock were exchanged, compared to its average volume of 3,041,620. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.02 and a beta of 0.48. The stock’s 50 day moving average is $19.07 and its 200-day moving average is $19.77. Albertsons Companies, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. Albertsons Companies’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Analysts predict that Albertsons Companies, Inc. will post 2.25 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Institutional Investors Weigh In On Albertsons Companies

Several large investors have recently added to or reduced their stakes in the business. Lubert Adler Management Company LP boosted its stake in shares of Albertsons Companies by 47.1% during the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after buying an additional 852,857 shares during the period. Tidal Investments LLC grew its position in shares of Albertsons Companies by 109.7% in the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock valued at $1,223,000 after purchasing an additional 29,849 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Albertsons Companies by 40.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock worth $4,054,000 after acquiring an additional 54,130 shares during the period. Swedbank AB raised its holdings in shares of Albertsons Companies by 166.2% in the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock worth $4,230,000 after purchasing an additional 133,715 shares during the period. Finally, 1832 Asset Management L.P. raised its position in Albertsons Companies by 2.2% in the first quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after purchasing an additional 1,121 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.