Buckingham Asset Management LLC acquired a new position in Kroger Co (NYSE:KR) in the 4th quarter, HoldingsChannel reports. The firm acquired 9,568 shares of the company’s stock, valued at approximately $263,000.
Several other institutional investors have also added to or reduced their stakes in KR. Fox Run Management L.L.C. acquired a new stake in shares of Kroger in the third quarter worth $377,000. Nationwide Fund Advisors boosted its stake in shares of Kroger by 64.5% in the third quarter. Nationwide Fund Advisors now owns 1,059,817 shares of the company’s stock valued at $21,260,000 after purchasing an additional 415,628 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Kroger in the third quarter valued at $2,199,000. Parametrica Management Ltd purchased a new position in shares of Kroger in the third quarter valued at $317,000. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of Kroger by 54.5% in the third quarter. Tocqueville Asset Management L.P. now owns 274,221 shares of the company’s stock valued at $5,501,000 after purchasing an additional 96,700 shares during the period. 79.05% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on KR shares. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research note on Wednesday, December 27th. Citigroup upped their target price on shares of Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Moffett Nathanson started coverage on shares of Kroger in a research note on Monday, December 4th. They issued a “buy” rating for the company. Pivotal Research set a $30.00 target price on shares of Kroger and gave the company a “buy” rating in a research note on Saturday, December 2nd. Finally, Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.23.
Kroger Co (NYSE:KR) opened at $27.12 on Thursday. Kroger Co has a 52 week low of $19.69 and a 52 week high of $32.48. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. The company has a market cap of $23,900.00, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 4.53 and a beta of 0.96.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Kroger had a net margin of 1.40% and a return on equity of 27.56%. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. equities research analysts predict that Kroger Co will post 2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.84%. Kroger’s dividend payout ratio (DPR) is 29.76%.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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