The stock of SUPERVALU INC. (NYSE:SVU) is a huge mover today! About 1.59M shares traded hands. SUPERVALU INC. (NYSE:SVU) has declined 9.62% since April 11, 2016 and is downtrending. It has underperformed by 15.76% the S&P500.
The move comes after 9 months positive chart setup for the $1.30B company. It was reported on Nov, 11 by Barchart.com. We have $7.38 PT which if reached, will make NYSE:SVU worth $715.00 million more.
SUPERVALU INC. (NYSE:SVU) Ratings Coverage
Out of 5 analysts covering Supervalu Inc. (NYSE:SVU), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Supervalu Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Pivotal Research maintained the stock with “Buy” rating in Thursday, January 14 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, January 14. Telsey Advisory Group upgraded SUPERVALU INC. (NYSE:SVU) rating on Wednesday, July 29. Telsey Advisory Group has “Outperform” rating and $12 price target. RBC Capital Markets maintained SUPERVALU INC. (NYSE:SVU) rating on Tuesday, October 20. RBC Capital Markets has “Sector Perform” rating and $10.0 price target. On Friday, July 24 the stock rating was initiated by Pivotal Research with “Buy”. Morgan Stanley upgraded SUPERVALU INC. (NYSE:SVU) rating on Wednesday, July 29. Morgan Stanley has “Equal Weight” rating and $9 price target. Telsey Advisory Group maintained it with “Outperform” rating and $10.0 target price in Friday, January 8 report. The rating was maintained by Pivotal Research on Thursday, October 20 with “Buy”. The rating was maintained by RBC Capital Markets on Monday, January 11 with “Sector Perform”. Telsey Advisory Group maintained SUPERVALU INC. (NYSE:SVU) on Friday, September 9 with “Market Perform” rating.
According to Zacks Investment Research, “SUPERVALU is one of the nation’s largest supermarket retailer and largest food distributor. The company conducts its retail operations under three principal store formats: price uperstores, under such retail banners as Cub Foods, Shop `n Save, Shoppers Food Warehouse, Metro and biggs. Also, the company sells food and non-food products at wholesale throughout the United States to retail food stores, mass merchants and through other logistics arrangements. The company’s plans include growing its retail operations through new store development and acquisitions.”
Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.27, from 0.89 in 2016Q1. The ratio increased, as 37 funds sold all SUPERVALU INC. shares owned while 66 reduced positions. 30 funds bought stakes while 89 increased positions. They now own 216.04 million shares or 4.06% less from 225.19 million shares in 2016Q1.
Northern holds 0.01% or 4.22M shares in its portfolio. Arizona State Retirement System accumulated 111,528 shares or 0.01% of the stock. Moreover, Phoenix Adviser Ltd Liability has 0.56% invested in SUPERVALU INC. (NYSE:SVU) for 129,000 shares. Amalgamated National Bank & Trust last reported 33,010 shares in the company. Teachers Retirement Sys Of The State Of Kentucky holds 47,200 shares or 0% of its portfolio. Greenwich Wealth Mngmt Ltd last reported 0.34% of its portfolio in the stock. Moreover, Nordea Investment Management Ab has 0% invested in SUPERVALU INC. (NYSE:SVU) for 319,096 shares. Aberdeen Asset Management Public Ltd Co Uk accumulated 84,893 shares or 0% of the stock. The Illinois-based Ubs Asset Mgmt Americas Inc has invested 0% in SUPERVALU INC. (NYSE:SVU). Parametric Port Associate Ltd Liability Corporation accumulated 765,042 shares or 0.01% of the stock. Morgan Stanley owns 1.85 million shares or 0% of their US portfolio. The Illinois-based Lsv Asset Mngmt has invested 0.13% in SUPERVALU INC. (NYSE:SVU). Raymond James Services Advisors accumulated 43,552 shares or 0% of the stock. Oxford Asset Management owns 2.29 million shares or 0.45% of their US portfolio. Nomura Asset Mgmt Limited holds 0% or 11,600 shares in its portfolio.
More news for SUPERVALU INC. (NYSE:SVU) were recently published by: Fool.com, which released: “Why Shares of Supervalu Inc Fell 14% in October” on November 07, 2016. Businesswire.com‘s article titled: “SUPERVALU Announces Sale of Save-A-Lot Business for $1.365 Billion” and published on October 17, 2016 is yet another important article.
SVU Company Profile
SUPERVALU INC., incorporated on December 28, 1925, is a wholesale distributor to independent retail clients across the United States. The Firm leverages its distribution activities by providing wholesale distribution and logistics service solutions to independent retail clients and Save-A-Lot licensee customers, as well as wholesale distribution to the Company’s Retail and Save-A-Lot corporate stores. The Firm operates through three divisions: Wholesale, Save-A-Lot and Retail.