An issue of SuperValu Inc. (NYSE:SVU) bonds rose 2% against their face value during trading on Wednesday after Telsey Advisory Group lowered their price target on the stock from $5.50 to $4.50. The high-yield issue of debt has a 7.75% coupon and is set to mature on November 15, 2022. The debt is now trading at $97.70 and was trading at $97.75 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
A number of other equities analysts also recently weighed in on SVU. Morgan Stanley reaffirmed an “equal weight” rating and set a $3.50 price target (down previously from $4.50) on shares of SuperValu in a research report on Monday, June 19th. Zacks Investment Research downgraded SuperValu from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. ValuEngine downgraded SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $6.00 price target on SuperValu and gave the stock a “buy” rating in a research report on Thursday, April 27th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of SuperValu in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. SuperValu has a consensus rating of “Hold” and an average price target of $4.96.
Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares during the last quarter. Sigma Planning Corp increased its stake in SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in SuperValu by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 109,000 shares of the company’s stock valued at $421,000 after buying an additional 2,000 shares during the last quarter. Finally, FMR LLC increased its stake in SuperValu by 0.5% in the fourth quarter. FMR LLC now owns 426,802 shares of the company’s stock valued at $1,993,000 after buying an additional 2,200 shares during the last quarter. 80.42% of the stock is owned by institutional investors.
The company’s 50 day moving average is $3.91 and its 200-day moving average is $4.04. The company has a market capitalization of $846.39 million, a P/E ratio of 1.29 and a beta of 2.05.
SuperValu (NYSE:SVU) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, analysts forecast that SuperValu Inc. will post $0.36 earnings per share for the current year.
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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