Kroger Co. (NYSE:KR) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Tuesday. They currently have a $33.25 price objective on the stock. Vetr‘s target price indicates a potential upside of 6.67% from the company’s current price.
A number of other brokerages also recently weighed in on KR. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $42.00 target price on shares of Kroger in a research note on Friday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $39.00 target price on shares of Kroger in a research note on Monday, June 13th. Goldman Sachs Group Inc. raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, July 26th. Wolfe Research downgraded shares of Kroger from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $34.00 target price on shares of Kroger in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Kroger has a consensus rating of “Hold” and a consensus target price of $38.97.
Kroger (NYSE:KR) opened at 31.19 on Tuesday. The stock has a market cap of $29.45 billion, a P/E ratio of 14.79 and a beta of 0.70. Kroger has a 1-year low of $28.71 and a 1-year high of $42.75. The company has a 50-day moving average price of $30.85 and a 200 day moving average price of $34.43.
Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business earned $26.60 billion during the quarter. During the same quarter last year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Kroger will post $2.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Kroger’s dividend payout ratio (DPR) is presently 22.86%.
In other news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the sale, the insider now directly owns 130,857 shares in the company, valued at approximately $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Kroger during the second quarter worth $235,225,000. Capital Research Global Investors increased 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 worth $2,387,262,000 after buying an additional 5,748,043 shares during the period. Nordea Investment Management AB increased 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 worth $225,227,000 after buying an additional 4,806,246 shares during the period. Janus Capital Management LLC increased 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 worth $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 worth $95,812,000. Hedge funds and other institutional investors 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.
To view Vetr’s full report, visit Vetr’s official website.
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