Analysts at Barclays PLC began coverage on shares of Kroger Co. (NYSE:KR) in a research report issued on Friday. The firm set an “equal weight” rating and a $33.00 price target on the stock. Barclays PLC’s target price indicates a potential upside of 9.71% from the company’s previous close.
Other research analysts have also issued research reports about the company. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $42.00 target price on shares of Kroger in a research report on Monday, June 6th. Zacks Investment Research lowered Kroger from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $39.00 target price on shares of Kroger in a research report on Monday, June 13th. Wolfe Research lowered Kroger from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 15th. Finally, Piper Jaffray Cos. reiterated an “underweight” rating and issued a $29.00 target price on shares of Kroger in a research report on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Kroger presently has a consensus rating of “Buy” and a consensus target price of $39.12.
Shares of Kroger (NYSE:KR) opened at 30.08 on Friday. The stock’s 50 day moving average price is $31.83 and its 200 day moving average price is $35.12. Kroger has a 1-year low of $30.06 and a 1-year high of $42.75. The stock has a market cap of $28.40 billion, a PE ratio of 14.26 and a beta of 0.72.
Kroger (NYSE:KR) last posted its earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business earned $26.60 billion during the quarter. During the same quarter last year, the business posted $0.44 EPS. Kroger’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Kroger will post $2.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. Kroger’s dividend payout ratio is 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the sale, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction on Friday, July 8th. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the sale, the vice president now directly owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Physicians Financial Services Inc. boosted its stake in Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after buying an additional 3,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock worth $119,000 after buying an additional 800 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares during the last quarter. Barnett & Company Inc. purchased a new stake in Kroger during the first quarter worth about $145,000. Finally, Ledyard National Bank boosted its stake in Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 shares during the last quarter. 80.18% of the stock is owned by hedge funds and other institutional investors.
Kroger Company Profile
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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