Kroger Company (The) (NYSE:KR) had its price target decreased by Jefferies Group LLC from $24.00 to $19.00 in a research note published on Monday. Jefferies Group LLC currently has a hold rating on the stock. Jefferies Group also issued estimates for Kroger Company (The)’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.57 EPS, FY2019 earnings at $1.96 EPS, FY2020 earnings at $2.04 EPS, FY2021 earnings at $2.22 EPS and FY2022 earnings at $2.44 EPS.

Several other analysts also recently issued reports on the company. Oppenheimer Holdings, Inc. restated a buy rating and issued a $28.00 price objective on shares of Kroger Company (The) in a research report on Tuesday, September 5th. J P Morgan Chase & Co downgraded Kroger Company (The) from an overweight rating to a neutral rating and reduced their price objective for the company from $34.00 to $24.00 in a research report on Friday, June 16th. Morgan Stanley downgraded Kroger Company (The) from an overweight rating to an equal weight rating and reduced their price objective for the company from $40.00 to $30.00 in a research report on Monday, June 19th. TheStreet downgraded Kroger Company (The) from a b rating to a c+ rating in a research report on Thursday, June 15th. Finally, Wells Fargo & Company restated a buy rating and issued a $28.00 price objective (down from $35.00) on shares of Kroger Company (The) in a research report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Kroger Company (The) currently has a consensus rating of Hold and a consensus price target of $28.58.

Shares of Kroger Company (NYSE KR) opened at 21.34 on Monday. The firm has a 50 day moving average price of $23.12 and a 200-day moving average price of $26.76. Kroger Company has a 52 week low of $20.41 and a 52 week high of $36.44. The firm has a market capitalization of $19.15 billion, a P/E ratio of 12.85 and a beta of 0.79.

Kroger Company (The) (NYSE:KR) last issued its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The business had revenue of $27.60 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Kroger Company will post $1.98 EPS for the current fiscal year.

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Kroger Company (The) announced that its board has initiated a share repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.125 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. Kroger Company (The)’s dividend payout ratio (DPR) is 30.30%.

In related news, insider J Michael Schlotman bought 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was acquired at an average price of $22.73 per share, for a total transaction of $45,460.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan M. Phillips sold 6,200 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.17, for a total value of $131,254.00. Following the completion of the sale, the director now owns 124,105 shares of the company’s stock, valued at approximately $2,627,302.85. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in shares of Kroger Company (The) in the second quarter valued at about $105,000. Advantage Investment Management LLC grew its stake in shares of Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock valued at $109,000 after buying an additional 502 shares in the last quarter. Cedar Wealth Management LLC grew its stake in shares of Kroger Company (The) by 155.9% in the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after buying an additional 3,040 shares in the last quarter. CWM LLC grew its stake in shares of Kroger Company (The) by 1,162.2% in the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after buying an additional 4,800 shares in the last quarter. Finally, Grove Bank & Trust grew its stake in shares of Kroger Company (The) by 9.3% in the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.

About Kroger Company (The)

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

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