Albertsons Companies, Inc. (NYSE:ACI) Receives $24.45 Average Target Price from Analysts

Albertsons Companies, Inc. (NYSE:ACI) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.45.

Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Thursday, July 18th.

Institutional Trading of Albertsons Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Albertsons Companies by 40.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after acquiring an additional 692,188 shares during the period. Tidal Investments LLC grew its stake in shares of Albertsons Companies by 109.7% during the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after purchasing an additional 29,849 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Albertsons Companies by 40.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,130 shares during the period. Privium Fund Management UK Ltd bought a new stake in Albertsons Companies in the fourth quarter valued at about $1,247,000. Finally, Swedbank AB lifted its stake in Albertsons Companies by 166.2% in the second quarter. Swedbank AB now owns 214,192 shares of the company’s stock valued at $4,230,000 after buying an additional 133,715 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $20.91 on Monday. The firm has a market capitalization of $12.11 billion, a PE ratio of 9.38, a PEG ratio of 1.09 and a beta of 0.49. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. Albertsons Companies has a 1-year low of $19.25 and a 1-year high of $23.88. The business’s 50 day moving average is $19.90 and its 200-day moving average is $20.45.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $24.27 billion for the quarter, compared to analyst estimates of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Sell-side analysts predict that Albertsons Companies will post 2.26 earnings per share for the current year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $0.12 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.

About Albertsons Companies

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.