Albertsons Companies’ (ACI) “Buy” Rating Reaffirmed at Tigress Financial

Tigress Financial reissued their buy rating on shares of Albertsons Companies (NYSE:ACI) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $27.00 price target on the stock.

A number of other research analysts also recently commented on ACI. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. BMO Capital Markets dropped their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Finally, Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus price target of $23.58.

Albertsons Companies Stock Up 2.2 %

Shares of NYSE:ACI opened at $18.94 on Monday. The firm has a market cap of $10.97 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. The company has a fifty day simple moving average of $19.07 and a 200 day simple moving average of $19.77. 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 12-month low of $17.80 and a 12-month high of $23.47.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Albertsons Companies will post 2.25 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.53%. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Institutional Trading of Albertsons Companies

Several large investors have recently added to or reduced their stakes in ACI. Private Advisor Group LLC boosted its position in Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock worth $240,000 after acquiring an additional 544 shares during the period. Verus Capital Partners LLC raised its stake in shares of Albertsons Companies by 3.6% during the second quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock valued at $322,000 after purchasing an additional 565 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Albertsons Companies by 1.7% in the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock worth $1,094,000 after purchasing an additional 864 shares during the period. AQR Capital Management LLC grew its position in Albertsons Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after buying an additional 933 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after buying an additional 1,121 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.