Supervalu (SVU) Downgraded by Royal Bank of Canada to “Hold”

Supervalu (NYSE:SVU) was downgraded by Royal Bank of Canada from an “outperform” rating to a “hold” rating in a research note issued on Friday, July 27th, The Fly reports. They presently have a $33.00 price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 3.03% from the company’s current price.

Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Supervalu from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Pivotal Research restated a “hold” rating and set a $26.00 target price on shares of Supervalu in a report on Wednesday, July 25th. Telsey Advisory Group upped their target price on Supervalu from $18.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, July 24th. Zacks Investment Research downgraded Supervalu from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 19th. Finally, TheStreet upgraded Supervalu from a “d+” rating to a “c-” rating in a report on Tuesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Supervalu has a consensus rating of “Hold” and an average target price of $25.06.

SVU traded down $0.21 during midday trading on Friday, hitting $32.03. The stock had a trading volume of 1,075,231 shares, compared to its average volume of 3,504,140. The firm has a market cap of $1.25 billion, a P/E ratio of 21.35 and a beta of 1.32. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.24 and a quick ratio of 0.58. Supervalu has a 1 year low of $13.60 and a 1 year high of $32.40.

Supervalu (NYSE:SVU) last released its quarterly earnings data on Thursday, July 26th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.52). The company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Supervalu had a net margin of 0.08% and a return on equity of 12.87%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. equities analysts anticipate that Supervalu will post 1.85 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Supervalu by 1.7% during the second quarter. Rhumbline Advisers now owns 94,668 shares of the company’s stock valued at $1,943,000 after acquiring an additional 1,569 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of Supervalu by 11.5% during the second quarter. Fiera Capital Corp now owns 19,460 shares of the company’s stock valued at $399,000 after acquiring an additional 2,000 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Supervalu by 24.9% during the first quarter. Aperio Group LLC now owns 15,842 shares of the company’s stock valued at $241,000 after acquiring an additional 3,159 shares in the last quarter. Globeflex Capital L P increased its holdings in shares of Supervalu by 13.2% during the second quarter. Globeflex Capital L P now owns 35,223 shares of the company’s stock valued at $723,000 after acquiring an additional 4,102 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Supervalu by 7.2% during the first quarter. Swiss National Bank now owns 66,771 shares of the company’s stock valued at $1,017,000 after buying an additional 4,500 shares during the last quarter.

About Supervalu

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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