Kroger Co. (KR) Receives Buy Rating from Guggenheim
Other research analysts have also issued research reports about the company. BMO Capital Markets set a $35.00 price target on Kroger and gave the company a hold rating in a research report on Sunday, September 11th. Jefferies Group set a $32.00 price target on Kroger and gave the company a hold rating in a research report on Saturday, October 1st. Telsey Advisory Group lowered their price target on Kroger from $46.00 to $40.00 and set an outperform rating for the company in a research report on Monday, September 12th. Goldman Sachs Group Inc. reaffirmed a buy rating and set a $39.00 price target (down previously from $40.00) on shares of Kroger in a research report on Wednesday, September 14th. Finally, Zacks Investment Research lowered Kroger from a hold rating to a sell rating in a research report on Wednesday, August 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Kroger presently has an average rating of Hold and a consensus target price of $38.28.
Kroger (NYSE:KR) opened at 33.66 on Monday. Kroger has a 52-week low of $28.71 and a 52-week high of $42.75. The firm’s 50-day moving average price is $31.92 and its 200-day moving average price is $33.33. The firm has a market cap of $31.78 billion, a P/E ratio of 15.96 and a beta of 0.74.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Equities research analysts expect that Kroger will post $2.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the completion of the transaction, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of KR. North Star Investment Management Corp. increased its position in shares of Kroger by 0.3% in the second quarter. North Star Investment Management Corp. now owns 10,988 shares of the company’s stock worth $404,000 after buying an additional 29 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Kroger by 0.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 13,369 shares of the company’s stock worth $492,000 after buying an additional 66 shares during the last quarter. Pegasus Partners Ltd. increased its position in shares of Kroger by 0.5% in the third quarter. Pegasus Partners Ltd. now owns 17,904 shares of the company’s stock worth $531,000 after buying an additional 91 shares during the last quarter. Integrated Investment Consultants LLC increased its position 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. Finally, Capital Investment Advisors LLC increased its position in shares of Kroger by 1.2% in the second quarter. Capital Investment Advisors LLC now owns 8,305 shares of the company’s stock worth $306,000 after buying an additional 100 shares during the last quarter. 75.51% of the stock is owned by institutional investors.
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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