|Bid||13.70 x 500|
|Ask||15.25 x 100|
|Day's Range||14.08 - 14.97|
|52 Week Range||13.60 - 31.29|
|PE Ratio (TTM)||0.89|
|Earnings Date||Apr 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.75|
Though Supervalu’s (SVU) stock has delivered below-average performance this year, Wall Street believes there’s scope for revival. Analysts, on average, are expecting a 69% rise in SVU’s stock price over the next 12 months. The company, which was trading at $14.54 as of April 19, has been assigned a target price of $24.56. Individual target prices range between $14 and $55.
Supervalu’s (SVU) stock has failed to please investors for quite some time now. Poor financial performance and growing pessimism for the food retailer after Amazon’s entry into the space have been some of the key reasons behind SVU’s share price decline. It was reported on April 6 that the company is exploring the possibility of a potential sale after facing pressure from activist shareholders, including Blackwells Capital LLC. SVU’s share price soared on the news and closed 9.3% higher on April 6.
Supervalu (SVU) is slated to report its 4Q18 results on April 24. It’s likely to post a 14% YoY (year-over-year) decline in earnings per share (or EPS). The company’s gross margin is likely to contract further, by ~280 basis points to 12.1% in 4Q18.
Supervalu’s (SVU) total sales are projected to increase 35% YoY (year-over-year) to $3.92 billion during 4Q18, according to Wall Street. As in the first three quarters of the year, growth is likely to be driven by the company’s acquisitions in the wholesale segment. This segment recorded 38.4% growth in business in 9M18, largely driven by the integration with Unified Grocers, which the company acquired last year.
Zacks Investment Ideas feature highlights: CBOE Global Markets, ConAgra, SuperValu, United National Foods and Medifast
Credit Suisse initiated coverage of a handful of food-related stocks Tuesday. The Analyst Credit Suisse's Judah Frommer initiated coverage of the following stocks: SYSCO Corporation (NYSE: SYY ): Outperform, ...
SuperValu Inc (NYSE:SVU) shares were plummeting on Monday as the company is reportedly considering exploring a sale. The company has yet to make a final decision on whether or not it will seek a buyout from another company, according to the sources, which chose to remain anonymous as the details of the sale aren’t public yet. Supervalu operates mainly as a grocery wholesaler that provides products to more than 1,800 stores. The company’s private label brands include gluten-free Wild Harvest, as well as Stone Ridge Creamery, selling ice cream.
Supervalu is working with investment banks Lazard Ltd (LAZ.N) and Barclays Plc (BARC.L) as it explores its options, the source said, asking not to be identified because the matter is confidential. Supervalu, Lazard and Barclays could not be immediately reached for comment. Bloomberg News first reported on Supervalu's sale deliberations.
The grocery distribution company and owner of Cub Foods, which has been pressured by an activist investor to break itself up, is reportedly working with an adviser to explore options including a potential sale.
** Walmart completed a thorough due diligence process on e-commerce firm Flipkart this week, two sources said, as the U.S. retail giant looks to take a controlling stake of 51 percent or more in the Indian company. ** Netflix Inc is offering more than $300 million to buy a company that owns billboards across Los Angeles, including on West Hollywood's famed Sunset Strip, a move that could help it save money maintaining a high profile in the world's entertainment capital, according to people familiar with the matter. ** Chinese car rental company Ehi Car Services Ltd said the company would be taken private by a consortium led by its Chief Executive Officer Ray Ruiping Zhang in a deal valued at about $937.5 million.
Supervalu Inc. is exploring a possible sale after coming under pressure from activist shareholders, according to media reports Friday. The supermarket chain is working with Lazard and Barclays as it considers ...
Retailer Supervalu Inc. is working with an adviser to consider options including a potential sale, according to people familiar with the matter.
SUPERVALU Inc (NYSE:SVU) trades with a trailing P/E of 62.6x, which is higher than the industry average of 20.9x. While this makes SVU appear like a stock to avoid orRead More...
A proxy fight is under way at Supervalu Inc. as an activist investor seeks to overhaul the board of directors at one of the nation’s largest grocery companies.