Kroger Co. (NYSE:KR) received a $39.00 price objective from equities research analysts at Citigroup Inc. in a research note issued to investors on Friday. The firm presently has a a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 32.79% from the company’s current price.
A number of other equities research analysts have also recently weighed in on KR. Royal Bank Of Canada restated a “sector perform” rating and set a $39.00 price objective on shares of Kroger in a research note on Monday, June 13th. Wolfe Research lowered Kroger from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 15th. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $29.00 target price on shares of Kroger in a research report on Friday, June 17th. Deutsche Bank AG reduced their target price on Kroger from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, June 17th. Finally, Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Kroger has an average rating of “Buy” and a consensus target price of $38.92.
Shares of Kroger (NYSE:KR) traded down 0.936% on Friday, reaching $29.095. The company’s stock had a trading volume of 7,527,707 shares. Kroger has a 12-month low of $28.71 and a 12-month high of $42.75. The firm has a 50 day moving average price of $31.16 and a 200-day moving average price of $34.66. The stock has a market cap of $27.47 billion, a PE ratio of 13.796 and a beta of 0.70.
Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The firm earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. Equities research analysts expect that Kroger will post $2.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. Kroger’s dividend payout ratio is presently 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 stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the sale, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of KR. Bank of Montreal Can acquired a new stake in Kroger during the second quarter valued at about $235,225,000. Capital Research Global Investors boosted its stake in Kroger by 9.7% in the second quarter. Capital Research Global Investors now owns 64,888,884 shares of the company’s stock valued at $2,387,262,000 after buying an additional 5,748,043 shares during the period. Nordea Investment Management AB boosted its stake in Kroger by 365.3% in the second quarter. Nordea Investment Management AB now owns 6,121,963 shares of the company’s stock valued at $225,227,000 after buying an additional 4,806,246 shares during the period. Janus Capital Management LLC boosted its stake in Kroger by 14.8% in the second quarter. Janus Capital Management LLC now owns 35,280,006 shares of the company’s stock valued at $1,297,932,000 after buying an additional 4,550,220 shares during the period. Finally, WestEnd Advisors LLC acquired a new stake in Kroger during the second quarter valued at about $95,812,000. 80.17% of the stock is owned by institutional investors.
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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