Kroger (NYSE:KR) PT Lowered to $62.00

Kroger (NYSE:KR) had its target price decreased by equities researchers at Evercore ISI from $63.00 to $62.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 11.47% from the stock’s current price.

KR has been the topic of several other research reports. BNP Paribas reaffirmed an “underperform” rating and issued a $48.00 price target on shares of Kroger in a report on Monday, April 8th. Telsey Advisory Group upped their price target on shares of Kroger from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Guggenheim upped their price target on shares of Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $65.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Kroger currently has a consensus rating of “Moderate Buy” and an average price target of $55.17.

Kroger Stock Performance

Shares of NYSE KR traded up $0.26 during midday trading on Tuesday, hitting $55.62. 1,345,433 shares of the company’s stock were exchanged, compared to its average volume of 4,927,705. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36. The stock’s 50 day moving average price is $52.43 and its 200-day moving average price is $47.56. The firm has a market cap of $40.14 billion, a P/E ratio of 18.79, a PEG ratio of 2.57 and a beta of 0.48. Kroger has a twelve month low of $42.10 and a twelve month high of $58.34.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. The firm had revenue of $37.06 billion during the quarter, compared to the consensus estimate of $37.07 billion. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. Equities research analysts anticipate that Kroger will post 4.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KR. Synovus Financial Corp raised its position in Kroger by 6.3% in the first quarter. Synovus Financial Corp now owns 12,869 shares of the company’s stock worth $739,000 after purchasing an additional 764 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Kroger by 30.2% during the first quarter. Cibc World Market Inc. now owns 29,150 shares of the company’s stock worth $1,672,000 after buying an additional 6,764 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Kroger by 7.1% during the first quarter. Blair William & Co. IL now owns 14,673 shares of the company’s stock worth $842,000 after buying an additional 974 shares in the last quarter. Prudential PLC acquired a new stake in shares of Kroger during the first quarter worth approximately $1,443,000. Finally, Moors & Cabot Inc. increased its holdings in shares of Kroger by 3.6% during the first quarter. Moors & Cabot Inc. now owns 7,703 shares of the company’s stock worth $442,000 after buying an additional 269 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.