Kroger’s (KR) Equal Weight Rating Reiterated at Barclays PLC
Kroger Co. (NYSE:KR)‘s stock had its “equal weight” rating reiterated by Barclays PLC in a note issued to investors on Tuesday. They presently have a $33.00 price target on the stock. Barclays PLC’s target price points to a potential downside of 1.96% from the company’s current price.
A number of other equities research analysts have also issued reports on KR. BMO Capital Markets set a $35.00 target price on shares of Kroger and gave the company a “hold” rating in a research note on Sunday, September 11th. Jefferies Group set a $32.00 target price on shares of Kroger and gave the company a “hold” rating in a research note on Saturday, October 1st. Telsey Advisory Group decreased their target price on shares of Kroger from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, September 12th. Citigroup Inc. decreased their target price on shares of Kroger from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $37.00 price objective on shares of Kroger in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.28.
Shares of Kroger (NYSE:KR) traded down 1.52% during mid-day trading on Tuesday, hitting $33.15. The stock had a trading volume of 5,525,281 shares. The stock has a 50-day moving average price of $31.92 and a 200 day moving average price of $33.33. The stock has a market cap of $31.30 billion, a P/E ratio of 15.72 and a beta of 0.74. Kroger has a 52 week low of $28.71 and a 52 week high of $42.75.
Kroger (NYSE:KR) last posted its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The firm had revenue of $26.60 billion for the quarter. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Kroger will post $2.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.43%. Kroger’s dividend payout ratio (DPR) is presently 22.86%.
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In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction 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 sale, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the company. First Republic Investment Management Inc. increased its stake in shares of Kroger by 26.4% in the first quarter. First Republic Investment Management Inc. now owns 52,753 shares of the company’s stock valued at $2,017,000 after buying an additional 11,014 shares in the last quarter. Barnett & Company Inc. bought a new stake in shares of Kroger during the first quarter valued at about $145,000. Fulton Bank N.A. increased its stake in shares of Kroger by 3.8% in the second quarter. Fulton Bank N.A. now owns 28,800 shares of the company’s stock valued at $1,059,000 after buying an additional 1,043 shares in the last quarter. First Financial Bank N.A. Trust Division increased its stake in shares of Kroger by 0.9% in the second quarter. First Financial Bank N.A. Trust Division now owns 39,594 shares of the company’s stock valued at $1,457,000 after buying an additional 340 shares in the last quarter. Finally, 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 in the last quarter. Institutional investors own 75.51% of the company’s stock.
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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