Kroger (NYSE:KR) Given Coverage Optimism Score of 2.25

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Headlines about Kroger (NYSE:KR) have trended positive recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Kroger earned a news sentiment score of 2.25 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Kroger’s analysis:

Kroger stock opened at $32.37 on Friday. The business has a fifty day moving average of $32.26 and a two-hundred day moving average of $29.50. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.17. The firm has a market cap of $25.25 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.67 and a beta of 0.37. Kroger has a twelve month low of $20.70 and a twelve month high of $36.84.

Kroger (NYSE:KR) last posted its earnings results on Thursday, March 5th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $28.89 billion during the quarter, compared to analyst estimates of $28.88 billion. Kroger had a return on equity of 20.72% and a net margin of 1.36%. Kroger’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Equities analysts expect that Kroger will post 2.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.98%. Kroger’s dividend payout ratio is presently 29.09%.

A number of research analysts have recently commented on the company. Citigroup cut Kroger from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. Morgan Stanley upped their target price on Kroger from $29.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 17th. Oppenheimer assumed coverage on Kroger in a research note on Thursday, March 5th. They set a “hold” rating and a $34.00 target price on the stock. Cfra upped their target price on Kroger from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, BNP Paribas assumed coverage on Kroger in a research note on Thursday, March 26th. They set an “underperform” rating and a $28.00 target price on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.86.

In other news, SVP Timothy A. Massa sold 8,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $31.37, for a total transaction of $250,960.00. Following the completion of the sale, the senior vice president now owns 152,917 shares in the company, valued at approximately $4,797,006.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Carin L. Fike sold 3,300 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $30.76, for a total value of $101,508.00. Following the sale, the vice president now owns 33,830 shares of the company’s stock, valued at approximately $1,040,610.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,100 shares of company stock valued at $615,796. Company insiders own 1.34% 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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