Albertsons Companies, Inc. (NYSE:ACI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Albertsons Companies, Inc. has received an average rating of "Moderate Buy" from 17 analysts, with 11 buy recommendations, 5 holds, and 1 sell.
• The company reported a quarterly earnings per share of $0.55, surpassing analysts' estimates, and had revenue of $24.88 billion, reflecting a year-over-year increase of 2.5%.
• Albertsons declared a quarterly dividend of $0.15, representing an annualized dividend of $0.60 and a dividend yield of 3.4%.

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.9375.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price objective for the company. Barclays began coverage on shares of Albertsons Companies in a report on Monday, July 21st. They set an "underweight" rating and a $19.00 price objective for the company. Roth Capital reiterated a "buy" rating and issued a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Tigress Financial reiterated a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, July 16th.

Albertsons Companies Stock Down 0.9%

Shares of NYSE ACI opened at $17.74 on Tuesday. The stock has a market cap of $9.93 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.83 and a beta of 0.51. The firm has a 50 day moving average price of $19.40 and a 200 day moving average price of $20.90. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. Albertsons Companies has a 52-week low of $17.00 and a 52-week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Analysts expect that Albertsons Companies will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio is 36.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACI. Norges Bank acquired a new position in shares of Albertsons Companies in the second quarter valued at approximately $320,613,000. AQR Capital Management LLC boosted its holdings in shares of Albertsons Companies by 1,601.1% in the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company's stock valued at $103,807,000 after buying an additional 4,451,250 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Albertsons Companies in the second quarter valued at approximately $81,463,000. Voya Investment Management LLC boosted its holdings in shares of Albertsons Companies by 6,541.5% in the first quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company's stock valued at $81,882,000 after buying an additional 3,667,550 shares during the period. Finally, Sound Shore Management Inc CT bought a new stake in shares of Albertsons Companies in the second quarter worth $65,530,000. Institutional investors and hedge funds own 71.35% of the company's stock.

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.

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