Kroger (NYSE:KR) PT Raised to $26.00 at UBS Group

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Kroger (NYSE:KR) had its price target lifted by UBS Group from $25.00 to $26.00 in a research note published on Friday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently commented on KR. Sanford C. Bernstein raised shares of Kroger from a market perform rating to an outperform rating and set a $33.00 price objective on the stock in a research report on Monday, May 20th. Zacks Investment Research upgraded shares of Kroger from a sell rating to a hold rating and set a $26.00 target price on the stock in a research note on Friday, May 31st. Pivotal Research restated a buy rating and set a $30.00 target price (up previously from $26.00) on shares of Kroger in a research note on Wednesday, September 11th. Bank of America lowered their target price on shares of Kroger from $37.00 to $30.00 and set a buy rating on the stock in a research note on Wednesday, May 29th. Finally, Credit Suisse Group restated an outperform rating and set a $29.00 target price (up previously from $27.00) on shares of Kroger in a research note on Friday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $28.06.

Shares of KR stock opened at $26.23 on Friday. Kroger has a one year low of $20.70 and a one year high of $31.98. The company’s 50-day moving average is $23.17 and its 200 day moving average is $23.96. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.25 and a current ratio of 0.76.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The company had revenue of $28.17 billion for the quarter, compared to the consensus estimate of $28.34 billion. During the same period in the prior year, the firm posted $0.41 EPS. Kroger’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts predict that Kroger will post 2.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.64 annualized dividend and a yield of 2.44%. This is a boost from Kroger’s previous quarterly dividend of $0.14. Kroger’s dividend payout ratio is currently 30.33%.

In other Kroger news, Director Ronald Sargent acquired 5,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were purchased at an average price of $21.49 per share, for a total transaction of $107,450.00. Following the purchase, the director now directly owns 94,660 shares of the company’s stock, valued at $2,034,243.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephen M. Mckinney sold 15,600 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $22.05, for a total transaction of $343,980.00. Following the completion of the transaction, the insider now owns 168,070 shares in the company, valued at approximately $3,705,943.50. The disclosure for this sale can be found here. Insiders have sold a total of 43,600 shares of company stock worth $955,450 in the last 90 days. Company insiders own 1.34% of the company’s stock.

Several large investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in Kroger by 0.5% during the 1st quarter. CIBC Asset Management Inc now owns 91,859 shares of the company’s stock worth $2,260,000 after acquiring an additional 417 shares during the period. Simmons Bank raised its stake in Kroger by 1.7% during the 2nd quarter. Simmons Bank now owns 29,368 shares of the company’s stock worth $638,000 after acquiring an additional 482 shares during the period. Covington Capital Management raised its stake in Kroger by 10.4% during the 2nd quarter. Covington Capital Management now owns 5,520 shares of the company’s stock worth $120,000 after acquiring an additional 520 shares during the period. Keystone Financial Group raised its stake in Kroger by 4.9% during the 2nd quarter. Keystone Financial Group now owns 11,264 shares of the company’s stock worth $245,000 after acquiring an additional 527 shares during the period. Finally, 6 Meridian raised its stake in Kroger by 3.6% during the 2nd quarter. 6 Meridian now owns 17,271 shares of the company’s stock worth $375,000 after acquiring an additional 595 shares during the period. Hedge funds and other institutional investors own 80.51% of the company’s stock.

About Kroger

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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