5 Most Undervalued Retail Stocks To Buy Now

In this article, we discuss the 5 most undervalued retail stocks to buy now. To read the detailed analysis of the retail industry, go to the 13 Most Undervalued Retail Stocks To Buy Now.

5. Albertsons Companies, Inc. (NYSE:ACI)

PE as of March 26: 9.07

Number of Hedge Fund Holders: 57

Albertsons Companies, Inc. (NYSE:ACI) operates food and drug retail stores and provides its products under various brands, including Albertsons, Safeway, Vons, Pavilions, and more. The stock has a PE of 9.07 as of March 26.

In the fourth quarter of 2023, 57 hedge funds had stakes in Albertsons Companies, Inc. (NYSE:ACI), with total positions worth $4.8 billion. As of Q4 2023, Cerberus Capital Management is the top shareholder in the company and has a position worth $3.49 billion.

As reported by Reuters, on March 25, a hearing was held in Denver for the Colorado lawsuit regarding blocking Albertsons Companies, Inc.’s (NYSE:ACI) sale to The Kroger Co. (NYSE:KR) for nearly $25 billion. The District Court Judge Andrew Luxen said that the court would hear the state’s statements about blocking the sale starting August 12 and would hold a permanent injunction hearing on September 30.

Based on 3 Wall Street analysts’ ratings over the past three months, Albertsons Companies, Inc. (NYSE:ACI) has a consensus rating of Moderate Buy. The average price target of $24.36 has an upside of 14.21% to the stock’s current price as of March 26.