Credit Suisse Group reaffirmed their hold rating on shares of Kroger (NYSE:KR) in a research report report published on Tuesday. They currently have a $32.00 target price on the stock.
Several other analysts have also recently issued reports on the stock. Wells Fargo & Co boosted their price objective on shares of Kroger from $33.00 to $36.00 and gave the company an outperform rating in a research note on Monday, September 10th. Stephens set a $29.00 price objective on shares of Kroger and gave the company a hold rating in a research note on Friday, September 7th. Zacks Investment Research raised shares of Kroger from a hold rating to a buy rating and set a $35.00 price objective for the company in a research note on Tuesday, August 21st. Telsey Advisory Group boosted their price objective on shares of Kroger from $29.00 to $31.00 and gave the company a market perform rating in a research note on Wednesday, October 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Kroger from $33.00 to $35.00 and gave the company a buy rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Kroger currently has an average rating of Hold and a consensus price target of $31.11.
KR stock opened at $28.64 on Tuesday. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.09 and a beta of 0.79. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. Kroger has a one year low of $22.85 and a one year high of $32.74.
Kroger (NYSE:KR) last released its earnings results on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $27.87 billion during the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. Kroger’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. As a group, sell-side analysts expect that Kroger will post 2.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Thursday, November 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.96%. Kroger’s payout ratio is 27.45%.
In related news, SVP Calvin J. Kaufman sold 10,500 shares of Kroger stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total transaction of $288,435.00. Following the transaction, the senior vice president now owns 124,688 shares in the company, valued at approximately $3,425,179.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Ellen Adcock sold 1,850 shares of Kroger stock in a transaction on Monday, November 12th. The shares were sold at an average price of $31.21, for a total transaction of $57,738.50. Following the transaction, the insider now owns 97,119 shares in the company, valued at approximately $3,031,083.99. The disclosure for this sale can be found here. Insiders have sold a total of 51,425 shares of company stock worth $1,480,298 in the last 90 days. Company insiders own 1.07% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Lee Financial Co acquired a new position in shares of Kroger during the 3rd quarter valued at $101,000. Landaas & Co. WI ADV acquired a new position in shares of Kroger during the 2nd quarter valued at $100,000. Bridgeworth LLC acquired a new position in shares of Kroger during the 2nd quarter valued at $109,000. CSat Investment Advisory L.P. acquired a new position in shares of Kroger during the 2nd quarter valued at $109,000. Finally, Central Bank & Trust Co. lifted its holdings in shares of Kroger by 290.6% during the 3rd quarter. Central Bank & Trust Co. now owns 4,234 shares of the company’s stock valued at $123,000 after acquiring an additional 3,150 shares in the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.
Kroger Company Profile
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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