Kroger Co (NYSE:KR) has been assigned an average rating of “Hold” from the thirty ratings firms that are covering the stock, Marketbeat Ratings reports. Seventeen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.02.
KR has been the topic of a number of analyst reports. Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Oppenheimer reiterated a “hold” rating and issued a $26.00 price target on shares of Kroger in a research report on Monday, December 4th. Moffett Nathanson initiated coverage on Kroger in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Finally, Stephens upgraded Kroger from an “underweight” rating to an “equal weight” rating and set a $36.44 price target on the stock in a research report on Thursday, October 12th.
In other Kroger news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael Joseph Donnelly sold 15,400 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $27.66, for a total value of $425,964.00. The disclosure for this sale can be found here. In the last three months, insiders sold 58,868 shares of company stock worth $1,607,426. Insiders own 0.87% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Howe & Rusling Inc. acquired a new position in shares of Kroger during the third quarter valued at $103,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kroger during the second quarter valued at $128,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Kroger by 85.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock valued at $137,000 after acquiring an additional 2,708 shares during the period. Archford Capital Strategies LLC lifted its stake in shares of Kroger by 38,135.3% during the second quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock valued at $139,000 after acquiring an additional 12,966 shares during the period. Finally, Citizens Financial Group Inc RI lifted its stake in shares of Kroger by 4.3% during the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock valued at $144,000 after acquiring an additional 255 shares during the period. 79.59% of the stock is currently owned by institutional investors and hedge funds.
Kroger (KR) traded up $0.06 on Friday, hitting $28.14. The stock had a trading volume of 10,081,667 shares, compared to its average volume of 12,180,000. The company has a market capitalization of $24,800.00, a PE ratio of 16.75, a PEG ratio of 3.60 and a beta of 0.93. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger has a 1-year low of $19.69 and a 1-year high of $34.99.
Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. analysts anticipate that Kroger will post 2.03 earnings per share for the current year.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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