Several other research firms have also issued reports on KR. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $42.00 price target on shares of Kroger in a report on Friday, July 15th. Vetr raised shares of Kroger from a buy rating to a strong-buy rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. raised shares of Kroger from a neutral rating to a buy rating and set a $42.00 price objective on the stock in a report on Tuesday, July 26th. Wolfe Research lowered shares of Kroger from an outperform rating to a market perform rating in a report on Wednesday, June 15th. Finally, Credit Suisse Group AG reissued a hold rating and set a $34.00 price objective on shares of Kroger in a report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $38.97.
Kroger (NYSE:KR) traded down 0.9763% on Wednesday, reaching $30.8855. The company’s stock had a trading volume of 3,795,982 shares. Kroger has a one year low of $28.71 and a one year high of $42.75. The company has a market capitalization of $29.16 billion, a PE ratio of 14.6446 and a beta of 0.70. The firm has a 50-day moving average of $30.85 and a 200-day moving average of $34.43.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $26.60 billion for the quarter. During the same period in the prior year, the firm posted $0.44 earnings per share. Kroger’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that Kroger will post $2.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid 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 yield of 1.54%. Kroger’s dividend payout ratio is currently 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the sale, the insider now directly owns 130,857 shares in the company, valued at approximately $4,063,109.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.85% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Pictet Asset Management Ltd. increased its stake in shares of Kroger by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 540,392 shares of the company’s stock valued at $21,567,000 after buying an additional 2,100 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Kroger by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 2,575,815 shares of the company’s stock valued at $98,527,000 after buying an additional 10,779 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Kroger by 3.8% in the first quarter. Lazard Asset Management LLC now owns 974,832 shares of the company’s stock valued at $37,287,000 after buying an additional 35,464 shares during the last quarter. State Street Corp increased its stake in shares of Kroger by 2.5% in the first quarter. State Street Corp now owns 40,607,212 shares of the company’s stock valued at $1,553,228,000 after buying an additional 1,002,625 shares during the last quarter. Finally, Pegasus Partners Ltd. purchased a new stake in shares of Kroger during the first quarter valued at $594,000. 80.16% of the stock is currently owned by 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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