Morgan Stanley upgraded Albertsons from Underweight to Equal-Weight and set a new price target of $30.00 from $26.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $24.00 | Hold → Buy | Melius |
| 10/18/2024 | $22.00 → $23.00 | Equal Weight → Overweight | Wells Fargo |
| 4/23/2024 | $24.00 | Neutral → Buy | ROTH MKM |
| 4/26/2023 | $32.00 → $27.00 | Neutral → Buy | Tigress Financial |
| 12/6/2022 | $26.00 | Outperform | Bernstein |
| 10/20/2022 | Buy → Hold | Deutsche Bank | |
| 10/20/2022 | $26.00 → $30.00 | Underweight → Equal-Weight | Morgan Stanley |
| 10/17/2022 | Buy → Neutral | Guggenheim |
- Bloomberg
Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:ACI) with a Market Perform and maintains $27.25 price target.
Albertsons Companies Inc (NYSE:ACI) reported first-quarter FY24 sales growth of 0.9% year-on-year to $24.27 billion, beating the analyst consensus estimate of $24.14 billion. The increase was driven by a 1.4% increase in identical sales, with strong growth in pharmacy sales driving the identical sales increase. Digital sales increased 23%. Gross margin rate expanded 10 basis points to 27.8%. The operating margin was 1.9%, and operating income for the quarter declined 26.1% to $459.6 million. The company held $291.1 million in cash and equivalents as of June 15. Operating cash flow totaled $960.9 million. Adjusted EBITDA of $1.183 billion decreased 10.2% Y/Y. Adjusted EPS of $0.66
4 - Albertsons Companies, Inc. (0001646972) (Issuer)
4 - Albertsons Companies, Inc. (0001646972) (Issuer)
4 - Albertsons Companies, Inc. (0001646972) (Issuer)
Melius upgraded Albertsons from Hold to Buy and set a new price target of $24.00
Wells Fargo upgraded Albertsons from Equal Weight to Overweight and set a new price target of $23.00 from $22.00 previously
ROTH MKM upgraded Albertsons from Neutral to Buy and set a new price target of $24.00
CINCINNATI, Nov. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collectiv
CINCINNATI, Nov. 13, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collectiv
CINCINNATI, Nov. 6, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collective
8-K - Albertsons Companies, Inc. (0001646972) (Filer)
10-Q - Albertsons Companies, Inc. (0001646972) (Filer)
8-K - Albertsons Companies, Inc. (0001646972) (Filer)
SC 13G/A - Albertsons Companies, Inc. (0001646972) (Subject)
SC 13G - Albertsons Companies, Inc. (0001646972) (Subject)
SC 13G/A - Albertsons Companies, Inc. (0001646972) (Subject)
Customers, associates and partners are invited to donate time and skills to collectively reach one million volunteer hours Albertsons Companies, Inc. (NYSE:ACI), in collaboration with the Albertsons Companies Foundation, today announced the Million Hour Volunteer Rally to help neighbors in need. Customers, associates and partners are invited to join the company's Nourishing Neighbors charitable program on the mission to end hunger by collectively contributing one million volunteer hours to various nonprofit organizations across the country. Now through Oct. 31, customers who volunteer and record their hours during this campaign will have the opportunity to win a grand prize of free groceri
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today reported results for the second quarter of fiscal 2024, which ended September 7, 2024. Second Quarter of Fiscal 2024 Highlights Identical sales increased 2.5% Digital sales increased 24% Loyalty members increased 15% to 43.0 million Net income of $146 million, or $0.25 per share Adjusted net income of $301 million, or $0.51 per share Adjusted EBITDA of $901 million "In the second quarter of fiscal 2024, investments in our Customers for Life strategy continued to drive strong growth in our digital sales and pharmacy operations," said Vivek Sankaran, CEO. "We also drove strong year-over-year growth in our loyalty membe
Albertsons Companies, Inc. (NYSE:ACI) (the "Company") today announced its Board of Directors has declared a cash dividend for the third quarter of fiscal 2024 of $0.12 per share of common stock. The cash dividend is payable on November 8, 2024, to stockholders of record as of the close of business on October 28, 2024. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of September 7, 2024, the Company operated 2,267 retail food and drug stores with 1,726 pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbi
Albertsons Companies, Inc. (NYSE:ACI) will release its financial results for the second quarter of fiscal year 2024, which ended September 7, 2024, before the market opens on October 15, 2024. In light of the Company's entry into an Agreement and Plan of Merger with The Kroger Co., Albertsons Companies will not be hosting a conference call or providing financial guidance in conjunction with its second quarter of fiscal year 2024 results. About Albertsons Companies Albertsons Companies is a leading food and drug retailer in the United States. As of June 15, 2024, the Company operated 2,269 retail food and drug stores with 1,725 pharmacies, 403 associated fuel centers, 22 dedicated distrib