SUPERVALU (SVU) is Reiterated by Telsey Advisory Group to Market Perform, Lowers Price Target to $ 5.50

SUPERVALU (SVU) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 5.50 from a previous price target of $6.50 . Telsey Advisory Group advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on SUPERVALU. Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 6.50 from a previous price target of $5 .Shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Market Perform” and Lowered the Price Target to $ 5 from a previous price target of $6 .

On the company’s financial health, SUPERVALU reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.22. The company had revenue of $5196.00 million for the quarter, compared to analysts expectations of $5301.99 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

SUPERVALU closed down -0.22 points or -3.87% at $5.47 with 4,233,371 shares getting traded on Wednesday. Post opening the session at $5.64, the shares hit an intraday low of $5.41 and an intraday high of $5.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 27, 2015, Wayne C Sales (director) sold 533,682 shares at $7.05 per share price. According to the SEC, on Nov 10, 2015, Luzuriaga Francesca Ruiz De (director) purchased 5,000 shares at $6.41 per share price.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company to which it provides wholesale distribution and Retail Food which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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