Kroger Co. (KR) Short Interest Down 19.9% in September
Kroger Co. (NYSE:KR) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 21,872,342 shares, a decline of 19.9% from the August 31st total of 27,310,308 shares. Based on an average trading volume of 13,354,587 shares, the short-interest ratio is presently 1.6 days. Approximately 2.3% of the company’s shares are short sold.
Kroger (NYSE:KR) opened at 29.68 on Friday. Kroger has a 52 week low of $29.49 and a 52 week high of $42.75. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 14.07 and a beta of 0.72. The firm’s 50-day moving average price is $31.53 and its 200-day moving average price is $34.92.
Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. On average, equities analysts expect that Kroger will post $2.14 earnings per share for the current year.
The company 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 of this dividend is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.62%. Kroger’s payout ratio is 22.86%.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the sale, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the sale, the vice president now directly owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Physicians Financial Services Inc. boosted its stake in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after buying an additional 3,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock worth $119,000 after buying an additional 800 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares during the last quarter. Barnett & Company Inc. purchased a new stake in shares of Kroger during the first quarter worth about $145,000. Finally, Ledyard National Bank boosted its stake in shares of Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 shares during the last quarter. 80.18% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on KR. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Kroger in a research report on Friday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $39.00 target price on shares of Kroger in a research report on Monday, June 13th. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 19th. Zacks Investment Research downgraded Kroger from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. raised Kroger from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Kroger currently has a consensus rating of “Buy” and a consensus target price of $39.12.
Kroger Company Profile
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.
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