Kroger (NYSE:KR) Upgraded by ValuEngine to Sell

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Kroger (NYSE:KR) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Several other research analysts have also commented on the stock. Guggenheim lowered their price objective on shares of Kroger from $31.00 to $26.00 in a research note on Monday, June 24th. BMO Capital Markets lowered their price objective on shares of Kroger to $24.00 and set a “market perform” rating for the company in a research note on Tuesday, June 18th. Sanford C. Bernstein raised shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Monday, May 20th. TheStreet lowered shares of Kroger from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. Finally, Bank of America lowered their price objective on shares of Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.61.

Shares of KR stock opened at $23.90 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.25 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.55 and a beta of 0.62. The stock’s 50-day moving average is $21.80. Kroger has a 1-year low of $20.70 and a 1-year high of $32.74.

Kroger (NYSE:KR) last announced its earnings results on Thursday, June 20th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The company had revenue of $37.25 billion during the quarter, compared to analyst estimates of $37.27 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Kroger’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kroger will post 2.17 EPS for the current fiscal year.

In other Kroger news, Director Susan J. Kropf sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total transaction of $281,320.00. Following the sale, the director now owns 101,171 shares of the company’s stock, valued at $2,189,340.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald Sargent acquired 5,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were bought at an average cost of $21.49 per share, for a total transaction of $107,450.00. Following the acquisition, the director now owns 94,660 shares of the company’s stock, valued at approximately $2,034,243.40. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 43,600 shares of company stock worth $955,450. 1.34% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in KR. Retirement Systems of Alabama increased its holdings in shares of Kroger by 181.7% in the 1st quarter. Retirement Systems of Alabama now owns 1,034,762 shares of the company’s stock valued at $25,455,000 after acquiring an additional 667,370 shares during the period. LSV Asset Management grew its position in Kroger by 1.8% in the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock valued at $502,146,000 after buying an additional 361,800 shares during the last quarter. Pennsylvania Trust Co grew its position in Kroger by 1,391.1% in the 1st quarter. Pennsylvania Trust Co now owns 113,029 shares of the company’s stock valued at $4,804,000 after buying an additional 105,449 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Kroger in the 2nd quarter valued at $497,000. Finally, Meeder Asset Management Inc. grew its position in Kroger by 18.1% in the 1st quarter. Meeder Asset Management Inc. now owns 75,812 shares of the company’s stock valued at $1,864,000 after buying an additional 11,628 shares during the last quarter. 80.19% of the stock is currently owned by institutional investors.

Kroger Company Profile

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.

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Analyst Recommendations for Kroger (NYSE:KR)

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