Several other analysts have also recently issued reports on KR. BMO Capital Markets set a $35.00 price objective on shares of Kroger and gave the company a hold rating in a research note on Sunday, September 11th. Jefferies Group set a $32.00 price objective on shares of Kroger and gave the company a hold rating in a research note on Saturday, October 1st. Telsey Advisory Group dropped their price objective on shares of Kroger from $46.00 to $40.00 and set an outperform rating for the company in a research note on Monday, September 12th. Citigroup Inc. dropped their price objective on shares of Kroger from $43.00 to $39.00 and set a buy rating for the company in a research note on Tuesday, September 13th. Finally, RBC Capital Markets reaffirmed a sector perform rating and set a $37.00 price objective on shares of Kroger in a research note on Friday, September 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $38.92.
Shares of Kroger (NYSE:KR) opened at 29.00 on Wednesday. Kroger has a 1-year low of $28.71 and a 1-year high of $42.75. The company has a market cap of $27.38 billion, a P/E ratio of 13.75 and a beta of 0.70. The stock’s 50 day moving average is $31.06 and its 200 day moving average is $34.59.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, topping 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 firm earned $26.60 billion during the quarter. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Kroger will post $2.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s payout ratio is currently 22.86%.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s 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 transaction, the insider now directly owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.85% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC increased its position in shares of Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock valued at $126,000 after buying an additional 3,151 shares during the last quarter. Atalanta Sosnoff Capital LLC increased its stake in shares of Kroger by 202.2% in the third quarter. Atalanta Sosnoff Capital LLC now owns 33,770 shares of the company’s stock valued at $1,002,000 after buying an additional 22,595 shares during the last quarter. Acropolis Investment Management LLC increased its stake in shares of Kroger by 0.6% in the third quarter. Acropolis Investment Management LLC now owns 58,710 shares of the company’s stock valued at $1,743,000 after buying an additional 355 shares during the last quarter. Park National Corp OH increased its stake in shares of Kroger by 1.5% in the third quarter. Park National Corp OH now owns 38,484 shares of the company’s stock valued at $1,142,000 after buying an additional 587 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kroger during the second quarter valued at $1,417,000. 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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