Albertsons Companies’ (ACI) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Albertsons Companies (NYSE:ACI) in a research report released on Thursday,Benzinga reports. The brokerage currently has a $26.00 price objective on the stock.

Several other equities research analysts have also issued reports on ACI. UBS Group dropped their price objective on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Tigress Financial reissued a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Evercore ISI raised their target price on shares of Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Tuesday, December 3rd. Morgan Stanley cut their price target on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Albertsons Companies Stock Up 0.4 %

ACI stock opened at $19.80 on Thursday. The stock has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $19.31. Albertsons Companies has a twelve month low of $17.00 and a twelve month high of $23.47. The firm has a market capitalization of $11.47 billion, a PE ratio of 11.58, a PEG ratio of 1.07 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. Albertsons Companies’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that Albertsons Companies will post 2.13 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s payout ratio is 28.07%.

Hedge Funds Weigh In On Albertsons Companies

Large investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Albertsons Companies by 88.1% in the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after purchasing an additional 7,887,688 shares during the last quarter. Parsifal Capital Management LP grew its holdings in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock worth $157,946,000 after acquiring an additional 1,585,899 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Albertsons Companies by 25.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after acquiring an additional 1,239,978 shares during the period. Anson Funds Management LP raised its stake in shares of Albertsons Companies by 973.0% during the third quarter. Anson Funds Management LP now owns 1,190,165 shares of the company’s stock valued at $21,994,000 after acquiring an additional 1,079,246 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Albertsons Companies by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock worth $91,337,000 after purchasing an additional 924,519 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Company Profile

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.