Albertsons Companies, Inc. (NYSE:ACI) Receives $23.69 Consensus PT from Analysts

Shares of Albertsons Companies, Inc. (NYSE:ACI) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.6923.

Several research analysts have weighed in on ACI shares. Bank of America 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, October 15th. Tigress Financial boosted their target price on shares of Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th.

Insider Buying and Selling

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the sale, the executive vice president owned 338,429 shares of the company’s stock, valued at $6,548,601.15. This trade represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the transaction, the insider directly owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company’s stock.

Institutional Trading of Albertsons Companies

A number of hedge funds have recently modified their holdings of ACI. West Oak Capital LLC bought a new stake in shares of Albertsons Companies during the second quarter worth approximately $30,000. Harbor Capital Advisors Inc. boosted its stake in Albertsons Companies by 130.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock valued at $26,000 after purchasing an additional 827 shares during the period. Allworth Financial LP boosted its stake in Albertsons Companies by 98.4% in the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after purchasing an additional 844 shares during the period. Sound Income Strategies LLC acquired a new position in Albertsons Companies in the 2nd quarter valued at $43,000. Finally, Plato Investment Management Ltd bought a new position in Albertsons Companies during the 1st quarter worth $53,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Down 0.3%

Shares of ACI stock opened at $17.26 on Thursday. The firm’s fifty day moving average price is $17.62 and its two-hundred day moving average price is $18.84. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. Albertsons Companies has a 1 year low of $16.55 and a 1 year high of $23.20. The firm has a market capitalization of $9.48 billion, a P/E ratio of 10.21, a PEG ratio of 2.82 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $18.92 billion during the quarter, compared to analysts’ expectations of $18.89 billion. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.Albertsons Companies’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. On average, equities analysts predict that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were paid a $0.15 dividend. The ex-dividend date was Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.5%. Albertsons Companies’s dividend payout ratio is currently 35.50%.

About Albertsons Companies

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.