Albertsons Companies, Inc. (NYSE:ACI) Short Interest Update

Albertsons Companies, Inc. (NYSE:ACIGet Rating) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 6,950,000 shares, a drop of 19.2% from the April 15th total of 8,600,000 shares. Approximately 7.5% of the shares of the stock are sold short. Based on an average daily volume of 2,440,000 shares, the days-to-cover ratio is currently 2.8 days.

In related news, EVP Anuj Dhanda sold 29,202 shares of the stock in a transaction dated Friday, April 22nd. The stock was sold at an average price of $32.26, for a total transaction of $942,056.52. Following the completion of the sale, the executive vice president now owns 282,160 shares in the company, valued at $9,102,481.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert Bruce Larson sold 15,746 shares of the firm’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $31.50, for a total value of $495,999.00. Following the transaction, the chief accounting officer now owns 115,241 shares of the company’s stock, valued at approximately $3,630,091.50. The disclosure for this sale can be found here. Insiders have sold 64,035 shares of company stock valued at $2,055,138 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new stake in Albertsons Companies during the 1st quarter valued at $33,000. AlphaCentric Advisors LLC bought a new position in shares of Albertsons Companies in the 4th quarter worth $54,000. Great West Life Assurance Co. Can bought a new position in shares of Albertsons Companies in the 1st quarter worth $77,000. Metropolitan Life Insurance Co NY bought a new position in shares of Albertsons Companies in the 4th quarter worth $93,000. Finally, Schroder Investment Management Group bought a new position in shares of Albertsons Companies in the 4th quarter worth $104,000. 62.12% of the stock is owned by institutional investors and hedge funds.

Shares of ACI stock traded down $2.14 on Wednesday, reaching $27.10. 3,990,097 shares of the company’s stock were exchanged, compared to its average volume of 2,452,577. Albertsons Companies has a 52 week low of $18.60 and a 52 week high of $37.99. The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $12.66 billion, a PE ratio of 9.67, a P/E/G ratio of 1.81 and a beta of 0.30. The company’s fifty day simple moving average is $32.99 and its 200 day simple moving average is $31.90.

Albertsons Companies (NYSE:ACIGet Rating) last issued its quarterly earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $16.85 billion. During the same period last year, the company earned $0.60 EPS. Albertsons Companies’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Albertsons Companies will post 2.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 10th. Shareholders of record on Tuesday, April 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 16.96%.

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Albertsons Companies from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft raised their price target on Albertsons Companies from $40.00 to $42.00 in a report on Thursday, April 7th. Zacks Investment Research cut Albertsons Companies from a “strong-buy” rating to a “hold” rating and set a $38.00 target price for the company. in a report on Tuesday, March 15th. Tigress Financial lifted their target price on Albertsons Companies from $27.00 to $32.00 in a report on Friday, April 29th. Finally, Royal Bank of Canada lifted their target price on Albertsons Companies from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies presently has an average rating of “Hold” and an average target price of $32.79.

Albertsons Companies Company Profile (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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