Several other brokerages have also commented on KR. Piper Jaffray Cos. restated an underweight rating and issued a $31.00 price target on shares of Kroger in a research note on Thursday, September 8th. RBC Capital Markets restated a sector perform rating and issued a $37.00 price target on shares of Kroger in a research note on Friday, September 16th. Wolfe Research lowered shares of Kroger from a peer perform rating to an underperform rating in a research note on Thursday, July 28th. Oppenheimer Holdings Inc. restated an outperform rating and issued a $42.00 price target on shares of Kroger in a research note on Friday, July 15th. Finally, Cleveland Research lowered shares of Kroger from a buy rating to a hold rating in a research note on Tuesday, August 23rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $38.92.
Kroger (NYSE:KR) traded up 0.0341% during midday trading on Friday, reaching $29.0099. The company had a trading volume of 3,531,128 shares. Kroger has a 52-week low of $28.71 and a 52-week high of $42.75. The company’s 50 day moving average is $31.06 and its 200-day moving average is $34.59. The company has a market capitalization of $27.39 billion, a P/E ratio of 13.7553 and a beta of 0.70.
Kroger (NYSE:KR) last announced its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company had revenue of $26.60 billion for the quarter. During the same quarter in the previous year, the business posted $0.44 EPS. Kroger’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that Kroger will post $2.14 earnings per share for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.66%. Kroger’s payout ratio is 22.86%.
In other news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the transaction, the insider now owns 130,857 shares in the company, valued at approximately $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Physicians Financial Services Inc. raised its position 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 period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position 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 period. Integrated Investment Consultants LLC raised its position 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 period. Barnett & Company Inc. purchased a new position in Kroger during the first quarter worth approximately $145,000. Finally, Advisory Services Network LLC raised its position in Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock worth $126,000 after buying an additional 3,151 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.
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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