Analysts Set Albertsons Companies, Inc. (NYSE:ACI) PT at $24.36

Shares of Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.36.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. Finally, BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th.

Albertsons Companies Stock Performance

NYSE:ACI traded down $0.08 during trading hours on Friday, reaching $21.07. 5,207,931 shares of the company's stock were exchanged, compared to its average volume of 4,780,175. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 2.12 and a beta of 0.46. The company has a 50-day moving average of $21.77 and a 200 day moving average of $20.88. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.29. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same quarter in the prior year, the firm earned $0.54 EPS. Research analysts anticipate that Albertsons Companies will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.85%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the transaction, the executive vice president now owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Albertsons Companies

A number of hedge funds have recently made changes to their positions in ACI. Yousif Capital Management LLC raised its stake in shares of Albertsons Companies by 39.1% in the 4th quarter. Yousif Capital Management LLC now owns 15,820 shares of the company's stock valued at $311,000 after acquiring an additional 4,449 shares during the period. Roman Butler Fullerton & Co. purchased a new stake in Albertsons Companies during the 4th quarter worth $243,000. Rhumbline Advisers grew its holdings in Albertsons Companies by 0.5% during the 4th quarter. Rhumbline Advisers now owns 464,963 shares of the company's stock worth $9,132,000 after acquiring an additional 2,186 shares in the last quarter. Truist Financial Corp acquired a new position in Albertsons Companies during the 4th quarter worth $2,288,000. Finally, Private Wealth Partners LLC grew its holdings in Albertsons Companies by 73.8% during the 4th quarter. Private Wealth Partners LLC now owns 120,371 shares of the company's stock worth $2,364,000 after acquiring an additional 51,100 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies 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.