Albertsons Companies (NYSE:ACI – Get Free Report)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Thursday, MarketBeat.com reports. They currently have a $14.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 4.35% from the stock’s current price.
A number of other equities analysts also recently commented on the company. BMO Capital Markets downgraded Albertsons Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $23.00 to $12.00 in a research report on Friday, July 24th. Wells Fargo & Company lifted their price objective on Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 target price (down from $22.00) on shares of Albertsons Companies in a research note on Friday, July 24th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Albertsons Companies in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $14.62.
Get Our Latest Analysis on Albertsons Companies
Albertsons Companies Trading Up 2.6%
Albertsons Companies (NYSE:ACI – Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. The firm had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $18.87 billion. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts expect that Albertsons Companies will post 1.65 earnings per share for the current fiscal year.
Insider Buying and Selling at Albertsons Companies
In related news, CFO Sharon Mccollam bought 9,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $11.48 per share, with a total value of $103,320.00. Following the completion of the transaction, the chief financial officer directly owned 567,051 shares of the company’s stock, valued at $6,509,745.48. This represents a 1.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Moriarty bought 170,500 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $1,962,455.00. Following the transaction, the executive vice president directly owned 308,946 shares of the company’s stock, valued at $3,555,968.46. The trade was a 123.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 218,909 shares of company stock valued at $2,515,826 over the last 90 days. 1.18% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Value Investment Professionals LLC grew its stake in shares of Albertsons Companies by 4.6% in the third quarter. Value Investment Professionals LLC now owns 69,022 shares of the company’s stock valued at $801,000 after buying an additional 3,016 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Albertsons Companies by 126.3% in the third quarter. GAMMA Investing LLC now owns 23,155 shares of the company’s stock valued at $269,000 after buying an additional 12,922 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Albertsons Companies by 57.2% in the third quarter. Farther Finance Advisors LLC now owns 14,383 shares of the company’s stock valued at $167,000 after buying an additional 5,235 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Albertsons Companies by 279.5% in the second quarter. Tidal Investments LLC now owns 57,049 shares of the company’s stock valued at $772,000 after buying an additional 42,015 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Albertsons Companies in the second quarter valued at $3,910,000. Institutional investors and hedge funds own 71.35% of the company’s stock.
Key Albertsons Companies News
Here are the key news stories impacting Albertsons Companies this week:
- Positive Sentiment: Albertsons reported second-quarter revenue of approximately $18.9 billion and adjusted earnings of $0.36 per share, exceeding analysts’ estimates of $0.33. Management also introduced an accelerated turnaround strategy, including an expanded $2 billion cost-reduction program and an investor day planned for spring 2027. Albertsons Reports $18.9 Billion in Q2 Revenue and Launches Accelerated Turnaround Plan
- Positive Sentiment: Royal Bank of Canada raised its price target from $13 to $16 and upgraded the shares to “outperform,” implying meaningful potential upside based on the company’s recovery prospects. Royal Bank of Canada Raises Albertsons Price Target
- Positive Sentiment: Albertsons maintained its quarterly dividend of $0.17 per share, equivalent to a $0.68 annualized payout and an approximately 5.2% yield. The company also announced plans for a new Valley Center, California, store expected to open in spring 2028. Albertsons Announces New Valley Center Store
- Neutral Sentiment: Albertsons withdrew its full-year outlook and launched a broad business review as new executive chair Meg Whitman and management seek to speed up the ACI Edge turnaround. The review could unlock value, but removing guidance reduces visibility for investors. Albertsons Plans Expanded Cost Program and Investor Day
- Negative Sentiment: Goldman Sachs downgraded ACI from “buy” to “neutral” with a $13 price target, while JPMorgan cut its rating from “overweight” to “neutral,” citing a more cautious outlook. Bank of America reaffirmed its “underperform” rating and reduced its target from $16 to $12, warning of near-term earnings pressure. Wells Fargo also maintained a “hold” rating. JPMorgan Downgrades Albertsons to Neutral
Albertsons Companies Company Profile
Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. The company operates supermarkets, pharmacies and related retail businesses under banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Carrs and Haggen.
Its stores offer groceries, fresh produce, meat and seafood, bakery and deli items, household products, health and beauty products, and pharmacy services. Albertsons also provides private-label products, fuel at select locations, grocery delivery and pickup, digital shopping tools, and customer loyalty programs.
The company’s history traces to 1939, when Joe Albertson opened the first Albertsons store in Boise.
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