A number of other research firms have also commented on KR. Credit Suisse Group set a $33.00 price objective on Kroger and gave the stock a hold rating in a research note on Thursday, September 13th. Telsey Advisory Group boosted their price objective on Kroger from $29.00 to $31.00 and gave the stock a market perform rating in a research note on Wednesday, October 31st. Morgan Stanley reduced their price objective on Kroger from $28.00 to $27.00 and set a hold rating on the stock in a research note on Thursday, September 27th. Zacks Investment Research lowered Kroger from a buy rating to a hold rating in a research note on Friday, August 10th. Finally, UBS Group boosted their price objective on Kroger from $29.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Kroger presently has a consensus rating of Hold and an average target price of $31.67.
Kroger stock traded down $0.39 on Friday, reaching $29.17. The company’s stock had a trading volume of 10,774,401 shares, compared to its average volume of 6,474,013. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.26 and a current ratio of 0.73. The firm has a market cap of $23.57 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.08 and a beta of 0.79. Kroger has a twelve month low of $22.85 and a twelve month high of $32.74.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $27.67 billion for the quarter, compared to analyst estimates of $27.64 billion. Kroger had a return on equity of 26.64% and a net margin of 2.99%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. On average, equities research analysts predict that Kroger will post 2.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 27.45%.
In related news, SVP Calvin J. Kaufman sold 10,500 shares of the company’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $27.47, for a total value of $288,435.00. Following the completion of the sale, the senior vice president now owns 124,688 shares in the company, valued at $3,425,179.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erin S. Sharp sold 25,314 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total value of $734,106.00. The disclosure for this sale can be found here. Insiders have sold 51,425 shares of company stock worth $1,480,298 in the last ninety days. 1.07% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in shares of Kroger by 2,400.4% in the third quarter. AQR Capital Management LLC now owns 12,142,940 shares of the company’s stock worth $353,481,000 after acquiring an additional 11,657,299 shares in the last quarter. FMR LLC increased its holdings in shares of Kroger by 64.3% in the third quarter. FMR LLC now owns 18,848,786 shares of the company’s stock worth $548,688,000 after acquiring an additional 7,375,253 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Kroger by 5,574.9% in the second quarter. Millennium Management LLC now owns 6,969,288 shares of the company’s stock worth $198,276,000 after acquiring an additional 6,846,478 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Kroger in the second quarter worth about $154,021,000. Finally, Franklin Resources Inc. increased its holdings in shares of Kroger by 31.9% in the third quarter. Franklin Resources Inc. now owns 17,935,028 shares of the company’s stock worth $522,076,000 after acquiring an additional 4,332,791 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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