Kroger Co (NYSE:KR) insider Stephen M. Mckinney sold 15,600 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $22.05, for a total value of $343,980.00. Following the completion of the transaction, the insider now directly owns 168,070 shares in the company, valued at $3,705,943.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of KR stock traded down $0.12 during trading hours on Tuesday, hitting $21.96. The stock had a trading volume of 5,206,695 shares, compared to its average volume of 8,349,016. Kroger Co has a one year low of $21.17 and a one year high of $32.74. The company has a quick ratio of 0.25, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. The business has a 50-day simple moving average of $22.74. The stock has a market capitalization of $17.64 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.
Kroger (NYSE:KR) last issued its earnings results on Thursday, June 20th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The firm had revenue of $37.25 billion for the quarter, compared to analysts’ expectations of $37.27 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Kroger Co will post 2.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.91%. This is a boost from Kroger’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, August 14th. Kroger’s payout ratio is 26.54%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its position in shares of Kroger by 219.6% during the second quarter. NEXT Financial Group Inc now owns 4,944 shares of the company’s stock valued at $107,000 after buying an additional 3,397 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Kroger by 15.9% during the second quarter. IFM Investors Pty Ltd now owns 59,465 shares of the company’s stock valued at $1,291,000 after buying an additional 8,147 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Kroger by 17.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 546,173 shares of the company’s stock valued at $11,857,000 after buying an additional 79,631 shares during the period. Spirit of America Management Corp NY purchased a new position in shares of Kroger during the second quarter valued at approximately $65,000. Finally, Raymond James Trust N.A. boosted its position in shares of Kroger by 0.5% during the second quarter. Raymond James Trust N.A. now owns 121,779 shares of the company’s stock valued at $2,643,000 after buying an additional 599 shares during the period. Institutional investors own 80.77% of the company’s stock.
KR has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “market perform” rating and set a C$36.00 price target on shares of NFI Group in a report on Tuesday, June 18th. TheStreet cut Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price target (down from $29.00) on shares of Kroger in a report on Friday, June 21st. Bank of America initiated coverage on HUYA in a report on Wednesday, May 29th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Sanford C. Bernstein raised Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Kroger currently has an average rating of “Hold” and a consensus target price of $29.00.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
Further Reading: Market Perform
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