|Bid||14.30 x 500|
|Ask||15.25 x 100|
|Day's range||14.21 - 14.76|
|52-week range||13.60 - 31.29|
|PE ratio (TTM)||0.91|
|Earnings date||24 Apr 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
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.
** 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.
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.
SUPERVALU INC. today confirmed that Blackwells Capital has provided a notice of its intention to nominate six director candidates to stand for election to the Board of Directors at the Company’s 2018 Annual Meeting of Stockholders.
SUPERVALU's retail segment has been depicting a dismal picture, thanks to store closures and identical store sale declines. However, the company is focused on expanding its wholesale segment.
On the one hand, Walmart (WMT) has been cutting prices, and on the other hand, Amazon (AMZN) (through Whole Foods) continues to pose a never-ending threat. SuperValu (SVU) has been one of the clear victims of the ongoing turmoil in retail. SuperValu has been strategically focusing on positioning itself as a wholesaler.
SuperValu (SVU) announced on Wednesday, March 14, 2018, that it has entered into three definitive agreements for the sale of 21 of its 38 Farm Fresh Food & Pharmacy stores to three grocery store chains. Harris Teeter (owned by Kroger) is buying ten stores, which include six in-store pharmacies and three fuel centers. The transactions have been unanimously approved by SuperValu’s board of directors and are subject to customary closing conditions.
Supervalu Inc. shares rose more than 8% in late trading Wednesday after the company said it was selling its Farm Fresh Food & Pharmacy stores to other grocery chains as it focuses on its wholesale business ...
SUPERVALU INC. today announced it has entered into three separate definitive agreements to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for approximately $43 million in cash to three different retailers: Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion.
While SUPERVALU (SVU) consistently undertakes measures to sustain the Wholesale segment's growth momentum, it is also on track with efforts to revive retail performance.