Dimensional Fund Advisors LP raised its holdings in shares of Supervalu Inc. (NYSE:SVU) by 52.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,141,292 shares of the company’s stock after purchasing an additional 1,076,702 shares during the period. Dimensional Fund Advisors LP owned 8.13% of Supervalu worth $64,459,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in SVU. Piedmont Investment Advisors LLC acquired a new stake in Supervalu during the 2nd quarter worth approximately $184,000. Aperio Group LLC raised its holdings in Supervalu by 24.9% during the 1st quarter. Aperio Group LLC now owns 15,842 shares of the company’s stock worth $241,000 after buying an additional 3,159 shares during the period. Perkins Capital Management Inc. acquired a new stake in Supervalu during the 2nd quarter worth approximately $257,000. SG Americas Securities LLC acquired a new stake in Supervalu during the 1st quarter worth approximately $285,000. Finally, Creative Planning bought a new position in shares of Supervalu during the 2nd quarter worth approximately $304,000. Institutional investors own 92.19% of the company’s stock.
Several equities analysts have recently weighed in on SVU shares. Zacks Investment Research cut shares of Supervalu from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 19th. ValuEngine raised shares of Supervalu from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 20th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Supervalu in a research note on Monday, July 16th. Pivotal Research reaffirmed a “hold” rating and set a $26.00 price target on shares of Supervalu in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada cut shares of Supervalu from an “outperform” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Supervalu presently has an average rating of “Hold” and a consensus target price of $25.06.
Shares of NYSE:SVU traded up $0.44 during midday trading on Friday, hitting $32.48. The stock had a trading volume of 4,309,703 shares, compared to its average volume of 1,521,184. Supervalu Inc. has a 12 month low of $13.60 and a 12 month high of $32.49. The company has a current ratio of 1.24, a quick ratio of 0.58 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $1.24 billion, a PE ratio of 15.77 and a beta of 1.20.
Supervalu (NYSE:SVU) last announced its quarterly earnings results on Thursday, July 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.52). Supervalu had a net margin of 0.08% and a return on equity of 12.87%. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts predict that Supervalu Inc. will post 1.59 earnings per share for the current fiscal year.
Supervalu Company Profile
SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States and internationally. It operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.
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