|Bid||20.66 x 800|
|Ask||20.65 x 800|
|Day's Range||19.61 - 20.72|
|52 Week Range||13.60 - 26.51|
|PE Ratio (TTM)||17.50|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.06|
Supervalu Inc., which has been shedding its retail operations in recent years as it focuses on its grocery distribution business, said Wednesday it wants to convert itself into a holding company to better split the two businesses.
SUPERVALU (SVU) reveals a proposal to rearrange its corporate structure into a holding company setup. This is likely to support SUPERVALU's strategic transformation.
SUPERVALU INC. (SVU) today announced a proposal to reorganize the Company’s corporate structure (the “Holding Company Proposal”) to further facilitate the Company’s strategic transformation, among other benefits to stockholders. This proposal, as outlined in SUPERVALU’s preliminary proxy statement/prospectus filed today, would result in a reorganization of the Company’s corporate structure into a holding company structure.
Supervalu Inc. gave CEO Mark Gross a roughly $1.2 million raise to almost $6 million in total, according to a new filing from the company.
In 2016, Supervalu Inc. changed its corporate jet policy, ending free personal flights for its CEO. That didn't last long, as the company quietly brought back the perk, in part.
Source: InsiderScore.com Wynnefield Capital Management revealed in a May 29 filing that it had entered into a confidentiality and standstill agreement with Xerium on May 25 in which Wynnefield will be provided current information on Xerium’s “review of strategic alternatives,” including the potential sale of the company or its assets, in exchange for Wynnefield’s support of Xerium’s current board of directors at the coming annual shareholders meeting. Wynnefield also disclosed a stake of 1,214,540 shares, or the equivalent of 7.4% of the outstanding stock. TCS Capital Management revealed on May 25 its 9.7% stake, equal to 5,002,547 DHI common shares, following its purchase of 945,059 shares priced from $1.51 to $2.50 in the span from May 8 through May 21, plus the acquisition of four million additional shares through the exercise of put options with a $2.50 strike price on May 15 and May 18.
Blackwells Capital formally nominated a slate of six directors to challenge Supervalu's existing board of directors, ratcheting up the stakes in a months-long contests of wills between the activist investor and the grocery store distributor.
Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm with an approximate 7.3% ownership interest in Supervalu Inc. (SVU) (“Supervalu” or the “Company”), today announced it has filed preliminary proxy materials to elect six highly qualified candidates to Supervalu’s Board of Directors (the “Board”) at the upcoming 2018 Annual Meeting of Shareholders (the “Annual Meeting”).
SUPERVALU (SVU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SUPERVALU INC. will participate in next week’s RBC Capital Markets Consumer & Retail Conference in Boston. President and CEO Mark Gross and Executive Vice President, CFO Rob Woseth will address investors at approximately 10:00 a.m.
Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm and one of the largest shareholders of Supervalu Inc. (SVU) (the “Company”) with an approximate 5.2% ownership interest, today issued the following open letter to the Company’s Board of Directors, in response to its continued refusals to engage in good faith over proposals to reverse the continued destruction of shareholder value.
NEW YORK, May 11, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of SUPERVALU ...
SUPERVALU INC. (SVU) today announced it has completed the sale and leaseback of seven of its distribution centers as part of the previously announced agreement to sell eight of its owned warehouses (Link: SUPERVALU Announces Sale Leaseback Agreement). With the sale of these seven facilities now complete, SUPERVALU has entered into lease agreements for each facility for an initial term of 20 years with five five-year renewal options. The sale and leaseback of the eighth property is expected to be completed by October as originally intended.
SUPERVALU today announced it has completed the previously announced sales of 21 of its 38 Farm Fresh stores to three different retailers: Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion.
Ford (F) announced its fiscal 1Q18 results on April 25. The revenue increased 7.0% to $39.0 billion and surpassed the consensus estimates by 5.0%. The company’s EPS (earnings per share) increased to $0.43—compared to $0.39 in 1Q17. The EPS surpassed the consensus estimate of $0.41.
The sale-leaseback agreement comes as the grocery chain looks to shed additional supermarkets amid pressure to boost results.
Zacks.com highlights: SUPERVALU, Unum Group, Covenant Transportation Group, Darling Ingredients and Comfort Systems USA
Supervalu (SVU) stock popped more than 11% yesterday as the company announced that it agreed to sell eight of its distribution centers for $483 million. The management said that the proceeds from the sale would be used to strengthen the company’s balance sheet. “By unlocking significant value in a portion of our real estate portfolio, we’re able to meaningfully pay down debt, improve our balance sheet, and deliver value to our shareholders,” said Mark Gross, Supervalu’s president and CEO.