Albertsons Companies (NYSE:ACI) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Albertsons Companies (NYSE:ACI) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $26.00 price target on the stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Albertsons Companies in a research note on Tuesday, January 7th. Citigroup started coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 target price on the stock. Morgan Stanley reduced their target price on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Bank of America began coverage on Albertsons Companies in a report on Friday, December 13th. They set a “neutral” rating and a $22.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.21.

Albertsons Companies Trading Up 0.9 %

Shares of NYSE:ACI opened at $20.99 on Tuesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.92 and a beta of 0.50. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $21.67. The company has a 50 day moving average price of $20.26 and a 200 day moving average price of $19.47.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.77 billion during the quarter, compared to analyst estimates of $18.82 billion. During the same period last year, the company posted $0.79 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is currently 33.71%.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds have recently bought and sold shares of ACI. Private Advisor Group LLC lifted its position in shares of Albertsons Companies by 4.4% in the third quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock worth $240,000 after buying an additional 544 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company’s stock worth $941,000 after purchasing an additional 891 shares during the last quarter. CIBC Asset Management Inc boosted its position in Albertsons Companies by 4.9% during the third quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock worth $357,000 after purchasing an additional 895 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after purchasing an additional 959 shares during the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

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.