The stock of SUPERVALU INC. (NYSE:SVU) is a huge mover today! About 2.65 million shares traded hands. SUPERVALU INC. (NYSE:SVU) has declined 5.56% since April 14, 2016 and is downtrending. It has underperformed by 10.24% the S&P500.
The move comes after 8 months negative chart setup for the $1.26B company. It was reported on Nov, 16 by Barchart.com. We have $4.45 PT which if reached, will make NYSE:SVU worth $100.80 million less.
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. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, September 9. On Tuesday, October 20 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Pivotal Research initiated SUPERVALU INC. (NYSE:SVU) rating on Friday, July 24. Pivotal Research has “Buy” rating and $1 price target. RBC Capital Markets maintained it with “Sector Perform” rating and $6 target price in Friday, September 9 report. As per Thursday, January 14, the company rating was downgraded by Telsey Advisory Group. The firm has “Outperform” rating given on Wednesday, July 29 by Telsey Advisory Group. The stock of SUPERVALU INC. (NYSE:SVU) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 14. The rating was maintained by Telsey Advisory Group with “Outperform” on Thursday, October 22. As per Thursday, January 14, the company rating was downgraded by Deutsche Bank. RBC Capital Markets maintained SUPERVALU INC. (NYSE:SVU) on Monday, January 11 with “Sector 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 improved, 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.
Blackrock Group Inc Ltd accumulated 792,157 shares or 0% of the stock. Balyasny Asset Management Ltd Company last reported 19,493 shares in the company. Goldman Sachs Grp last reported 0.01% of its portfolio in the stock. Parametric Portfolio Assoc Ltd Llc holds 765,042 shares or 0.01% of its portfolio. Envestnet Asset Management holds 0% of its portfolio in SUPERVALU INC. (NYSE:SVU) for 46,720 shares. Brown Advisory Secs Limited Liability Com holds 0.03% or 20,000 shares in its portfolio. Connor Clark And Lunn Investment Mgmt Ltd has 0.04% invested in the company for 1.02 million shares. Moreover, Airain has 0% invested in SUPERVALU INC. (NYSE:SVU) for 17,456 shares. Shelton Cap reported 22,173 shares or 0.01% of all its holdings. Peak6 Invests Ltd Partnership, a Illinois-based fund reported 11,962 shares. Moreover, Parametrica Mgmt has 0.22% invested in SUPERVALU INC. (NYSE:SVU) for 31,640 shares. Millennium Management Lc has 0.02% invested in the company for 1.59M shares. Wells Fargo Mn reported 3.04 million shares or 0.01% of all its holdings. Moreover, Numeric Limited Liability Corp has 0.01% invested in SUPERVALU INC. (NYSE:SVU) for 233,100 shares. Manufacturers Life Insur The has invested 0% of its portfolio in SUPERVALU INC. (NYSE:SVU).
More news for SUPERVALU INC. (NYSE:SVU) were recently published by: Businesswire.com, which released: “SUPERVALU Named Grocery Wholesaler by America’s Food Basket” on November 09, 2016. Fool.com‘s article titled: “Why Shares of Supervalu Inc Fell 14% in October” and published on November 07, 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.
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