Kroger Co (NYSE:KR)‘s stock had its “hold” rating restated by equities research analysts at Loop Capital in a report released on Wednesday. They presently have a $32.00 price target on the stock. Loop Capital’s price objective would indicate a potential upside of 9.85% from the company’s current price.
Other analysts have also issued reports about the stock. Goldman Sachs Group Inc lowered shares of Kroger from a “conviction-buy” rating to a “buy” rating in a research note on Friday, March 3rd. Deutsche Bank AG set a $35.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Sunday, March 5th. Vetr lowered shares of Kroger from a “strong-buy” rating to a “buy” rating and set a $33.46 price objective for the company. in a research note on Wednesday, May 10th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Kroger in a research note on Friday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price objective on shares of Kroger in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus target price of $36.05.
Shares of Kroger (NYSE:KR) traded up 0.03% during trading on Wednesday, reaching $29.13. 7,889,832 shares of the company’s stock were exchanged. Kroger has a 52 week low of $28.29 and a 52 week high of $37.97. The firm has a market capitalization of $26.63 billion, a PE ratio of 14.21 and a beta of 0.78. The company’s 50-day moving average price is $29.53 and its 200 day moving average price is $31.85.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The company had revenue of $27.61 billion during the quarter, compared to analyst estimates of $27.31 billion. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Kroger will post $2.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. Kroger’s payout ratio is 23.08%.
In related news, Director Ronald Sargent sold 4,465 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $29.35, for a total value of $131,047.75. Following the completion of the transaction, the director now directly owns 81,240 shares of the company’s stock, valued at $2,384,394. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher T. Hjelm sold 12,139 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $30.00, for a total value of $364,170.00. Following the completion of the transaction, the insider now directly owns 225,037 shares of the company’s stock, valued at $6,751,110. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,604 shares of company stock worth $2,559,544. 0.85% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. USS Investment Management Ltd purchased a new position in shares of Kroger during the third quarter valued at approximately $4,665,000. NEXT Financial Group Inc boosted its position in shares of Kroger by 83.5% in the third quarter. NEXT Financial Group Inc now owns 10,024 shares of the company’s stock valued at $298,000 after buying an additional 4,560 shares during the period. Todd Asset Management LLC purchased a new position in shares of Kroger during the third quarter valued at approximately $10,460,000. Quantitative Investment Management LLC boosted its position in shares of Kroger by 590.8% in the third quarter. Quantitative Investment Management LLC now owns 413,800 shares of the company’s stock valued at $12,281,000 after buying an additional 353,900 shares during the period. Finally, Investment Partners Ltd. OH ADV purchased a new position in shares of Kroger during the third quarter valued at approximately $217,000. 77.10% of the stock is owned by hedge funds and other institutional investors.
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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