Barclays Begins Coverage on Albertsons Companies (NYSE:ACI)

Analysts at Barclays started coverage on shares of Albertsons Companies (NYSE:ACI - Get Free Report) in a report released on Monday,Benzinga reports. The firm set an "underweight" rating and a $19.00 price target on the stock. Barclays's target price indicates a potential downside of 7.18% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Evercore ISI lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Tigress Financial restated a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Telsey Advisory Group restated an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. set a $31.00 price target on Albertsons Companies in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.88.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $20.47 on Monday. The company has a market cap of $11.79 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44. Albertsons Companies has a 52 week low of $17.00 and a 52 week high of $23.20. The business has a 50 day moving average price of $21.67 and a 200-day moving average price of $21.24. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The business had revenue of $24.88 billion during the quarter, compared to analyst estimates of $24.68 billion. During the same period in the prior year, the company earned $0.66 earnings per share. Albertsons Companies's revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the sale, the executive vice president owned 162,569 shares in the company, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Albertsons Companies

Large investors have recently made changes to their positions in the business. West Oak Capital LLC purchased a new stake in shares of Albertsons Companies during the second quarter worth about $30,000. SVB Wealth LLC purchased a new stake in shares of Albertsons Companies during the first quarter worth about $32,000. WealthCollab LLC grew its position in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies during the first quarter worth about $40,000. Finally, GAMMA Investing LLC grew its position in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

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.

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