Kroger Co (KR) VP Sells $39,388.18 in Stock
Kroger Co (NYSE:KR) VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Kroger Co (NYSE KR) traded up $0.19 on Thursday, hitting $26.41. 8,174,200 shares of the stock traded hands, compared to its average volume of 12,349,835. Kroger Co has a 52 week low of $19.69 and a 52 week high of $36.44. The firm has a market capitalization of $23,323.27, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11.
Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. equities analysts expect that Kroger Co will post 2.02 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of Kroger in a research report on Friday, August 25th. BidaskClub cut shares of Kroger from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Kroger from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus target price of $29.16.
Hedge funds have recently bought and sold shares of the stock. NGAM Advisors L.P. raised its holdings in Kroger by 150.9% during the 2nd quarter. NGAM Advisors L.P. now owns 241,992 shares of the company’s stock worth $5,643,000 after buying an additional 145,529 shares during the period. Grove Bank & Trust increased its holdings in shares of Kroger by 9.3% in the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after purchasing an additional 450 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Kroger by 4.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 26,100 shares of the company’s stock valued at $609,000 after purchasing an additional 1,000 shares during the period. Sei Investments Co. increased its holdings in shares of Kroger by 67.1% in the 2nd quarter. Sei Investments Co. now owns 354,958 shares of the company’s stock valued at $8,278,000 after purchasing an additional 142,483 shares during the period. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Kroger by 136.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 30,966 shares of the company’s stock valued at $722,000 after purchasing an additional 17,872 shares during the period. 79.10% of the stock is owned by institutional investors and hedge funds.
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Kroger Company Profile
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.
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