Crossmark Global Holdings Inc. increased its stake in Supervalu Inc. (NYSE:SVU) by 53.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,725 shares of the company’s stock after acquiring an additional 6,147 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Supervalu were worth $383,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SVU. Public Employees Retirement System of Ohio acquired a new stake in shares of Supervalu in the third quarter worth $147,000. Nine Chapters Capital Management LLC boosted its position in shares of Supervalu by 75.7% in the third quarter. Nine Chapters Capital Management LLC now owns 18,100 shares of the company’s stock worth $394,000 after buying an additional 7,800 shares during the period. Voya Investment Management LLC boosted its position in shares of Supervalu by 11.9% in the second quarter. Voya Investment Management LLC now owns 120,015 shares of the company’s stock worth $395,000 after buying an additional 12,729 shares during the period. Lenox Wealth Management Inc. acquired a new stake in shares of Supervalu in the third quarter worth $486,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Supervalu in the third quarter worth $537,000. 92.17% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on SVU. Goldman Sachs Group reaffirmed a “sell” rating and issued a $14.00 target price on shares of Supervalu in a research report on Tuesday, November 14th. Royal Bank of Canada set a $34.00 target price on Supervalu and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research cut Supervalu from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine cut Supervalu from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Pivotal Research set a $39.00 target price on Supervalu and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Supervalu presently has an average rating of “Hold” and an average price target of $24.69.
Supervalu (NYSE:SVU) last released its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4 billion. Supervalu had a return on equity of 26.48% and a net margin of 4.17%. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. equities analysts forecast that Supervalu Inc. will post 2.34 EPS 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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