A number of other equities research analysts also recently weighed in on KR. Zacks Investment Research downgraded Kroger from a buy rating to a hold rating in a report on Tuesday, June 7th. Royal Bank Of Canada reissued a sector perform rating and set a $39.00 target price on shares of Kroger in a report on Monday, June 13th. Wolfe Research downgraded Kroger from an outperform rating to a market perform rating in a report on Wednesday, June 15th. Piper Jaffray Cos. reissued an underweight rating and set a $29.00 target price on shares of Kroger in a report on Friday, June 17th. Finally, Deutsche Bank AG dropped their target price on Kroger from $48.00 to $41.00 and set a buy rating for the company in a report on Friday, June 17th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Kroger presently has a consensus rating of Buy and an average price target of $38.92.
Kroger (NYSE:KR) opened at 29.05 on Wednesday. The company’s 50-day moving average is $30.96 and its 200 day moving average is $34.48. The firm has a market cap of $27.43 billion, a P/E ratio of 13.77 and a beta of 0.70. Kroger has a 12 month low of $28.71 and a 12 month high of $42.75.
Kroger (NYSE:KR) last announced its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business earned $26.60 billion during the quarter. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Kroger will post $2.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. Kroger’s dividend payout ratio is 22.86%.
In other news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $4,063,109.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.85% of the company’s stock.
Large investors have recently made changes to their positions in the company. North Star Investment Management Corp. boosted its position in shares of Kroger by 0.3% in the second quarter. North Star Investment Management Corp. now owns 10,988 shares of the company’s stock valued at $404,000 after buying an additional 29 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of Kroger by 0.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 13,369 shares of the company’s stock valued at $492,000 after buying an additional 66 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock valued at $137,000 after buying an additional 100 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Kroger by 1.2% in the second quarter. Capital Investment Advisors LLC now owns 8,305 shares of the company’s stock valued at $306,000 after buying an additional 100 shares during the period. Finally, HGK Asset Management Inc. boosted its position in shares of Kroger by 0.9% in the second quarter. HGK Asset Management Inc. now owns 11,540 shares of the company’s stock valued at $425,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.
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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