The stock of Albertsons Companies Inc. (NYSE:ACI) last traded at $21.65, down -0.05% from the previous session.
Data from the available sources indicates that Albertsons Companies Inc. (NYSE:ACI) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.25 and a low of $21.00, we find $25.00. Given the previous closing price of $21.66, this indicates a potential upside of 15.42 percent. ACI stock price is now 2.25% away from the 50-day moving average and 4.14% away from the 200-day moving average. The market capitalization of the company currently stands at $12.50B.
In total, 10 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $24.70 as their price target over the next twelve months.
With the price target reduced from $32 to $27, Tigress Financial Upgraded its rating from Neutral to Buy for Albertsons Companies Inc. (NYSE: ACI).
In other news, Larson Robert Bruce, Chief Accounting Officer sold 32,544 shares of the company’s stock on Apr 27. The stock was sold for $681,797 at an average price of $20.95. Upon completion of the transaction, the Chief Accounting Officer now directly owns 50,241 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 25, EVP, Pharmacy & Health Gajial Omer sold 36,000 shares of the business’s stock. A total of $757,800 was realized by selling the stock at an average price of $21.05. This leaves the insider owning 25,140 shares of the company worth $0.54 million. Insiders disposed of 116,793,509 shares of company stock worth roughly $2.53 billion over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACI stock. A new stake in Albertsons Companies Inc. shares was purchased by LSV ASSET MANAGEMENT during the first quarter worth $80,438,000. EMPYREAN CAPITAL PARTNERS, LP invested $56,290,000 in shares of ACI during the first quarter. In the first quarter, YALE UNIVERSITY acquired a new stake in Albertsons Companies Inc. valued at approximately $32,688,000. SAND GROVE CAPITAL MANAGEMENT LLP acquired a new stake in ACI for approximately $21,824,000. BERYL CAPITAL MANAGEMENT LLC purchased a new stake in ACI valued at around $21,722,000 in the second quarter. In total, there are 1 active investors with 68.40% ownership of the company’s stock.
With an opening price of $21.62 on Wednesday morning, Albertsons Companies Inc. (NYSE: ACI) set off the trading day. During the past 12 months, Albertsons Companies Inc. has had a low of $18.28 and a high of $22.65. As of last week, the company has a debt-to-equity ratio of 5.53, a current ratio of 0.70, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $26.77B, which is based on a 9.62 price-to-earnings ratio, a 1.20 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for ACI is $21.20 and a two-hundred day moving average price translates $21.13 for the stock.
The latest earnings results from Albertsons Companies Inc. (NYSE: ACI) was released for Jun, 2023. According to the Grocery Stores Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.85 by 0.08. This compares to $0.84 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 44.50% for ACI. The company reported revenue of $24.05 billion for the quarter, compared to $23.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.17 percent. For the current quarter, analysts expect ACI to generate $18.31B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/10/2023. Investors who held shares on 07/26/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 2.22% percent yield. There was an ex-dividend date of 07/25/2023 for this dividend. In terms of dividend payout ratio, ACI is presently at 10.60%.
Albertsons Companies Inc.(ACI) Company Profile
Albertsons Companies, Inc., through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores. It operates stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw’s, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci’s Food Lovers Market; and pharmacies, in-store branded coffee shops, adjacent fuel centers, distribution centers, and manufacturing facilities, as well as various digital platforms. The company was founded in 1860 and is headquartered in Boise, Idaho. Albertsons Companies, Inc. is a subsidiary of Albertsons Investor Holdings LLC.
