Analysts Set Kroger Co. (NYSE:KR) PT at $39.38
Kroger Co. (NYSE:KR) has received a consensus rating of “Buy” from the thirty brokerages that are covering the stock. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.17.
Several analysts have recently issued reports on KR shares. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $42.00 price target on shares of Kroger in a research note on Monday, June 6th. Zacks Investment Research downgraded Kroger from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $39.00 price target on shares of Kroger in a research note on Monday, June 13th. Wolfe Research downgraded Kroger from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Finally, Piper Jaffray Cos. restated an “underweight” rating and set a $29.00 target price on shares of Kroger in a research note on Friday, June 17th.
Shares of Kroger (NYSE:KR) opened at 29.68 on Friday. The company has a market capitalization of $28.02 billion, a P/E ratio of 14.07 and a beta of 0.72. Kroger has a one year low of $29.49 and a one year high of $42.75. The stock has a 50 day moving average price of $31.53 and a 200-day moving average price of $34.92.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The company earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. Equities research analysts predict that Kroger will post $2.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. Kroger’s dividend payout ratio is currently 22.86%.
In related news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $37.85, for a total transaction of $454,200.00. Following the sale, the vice president now owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the sale, the insider now directly owns 130,857 shares in the company, valued at approximately $4,063,109.85. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of KR. Physicians Financial Services Inc. increased 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 valued at $112,000 after buying an additional 3,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased 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 valued at $119,000 after buying an additional 800 shares during the last quarter. Integrated Investment Consultants LLC increased 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 valued at $137,000 after buying an additional 100 shares during the last quarter. Barnett & Company Inc. acquired a new stake in shares of Kroger during the first quarter valued at approximately $145,000. Finally, Ledyard National Bank increased 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 valued at $158,000 after buying an additional 600 shares during the last quarter. 80.18% of the stock is currently owned by institutional investors and hedge funds.
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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