Kroger (NYSE:KR)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a report released on Thursday, September 13th, Marketbeat Ratings reports.
Several other analysts have also recently weighed in on the company. Wells Fargo & Co lifted their price objective on Kroger from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. Credit Suisse Group set a $33.00 price objective on Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Stephens set a $29.00 price objective on Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research raised Kroger from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, August 21st. Finally, Northcoast Research reaffirmed a “buy” rating and set a $36.00 price objective on shares of Kroger in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.15.
Shares of NYSE KR traded up $0.28 during trading hours on Thursday, hitting $29.35. The company’s stock had a trading volume of 4,260,400 shares, compared to its average volume of 10,531,903. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. The stock has a market capitalization of $23.21 billion, a PE ratio of 14.39, a PEG ratio of 2.10 and a beta of 0.92. Kroger has a 12 month low of $19.99 and a 12 month high of $32.74.
Kroger (NYSE:KR) last posted its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $27.87 billion for the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. Kroger’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities research analysts anticipate that Kroger will post 2.12 earnings per share for the current year.
In other news, insider Erin S. Sharp sold 25,314 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total transaction of $734,106.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $28.43, for a total transaction of $369,590.00. Following the sale, the director now directly owns 101,171 shares of the company’s stock, valued at approximately $2,876,291.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,960 shares of company stock valued at $1,122,579. Company insiders own 1.07% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Kroger by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 585,726 shares of the company’s stock worth $16,663,000 after buying an additional 8,931 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Kroger by 5.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock worth $4,375,000 after purchasing an additional 7,257 shares in the last quarter. Goodman Financial Corp lifted its stake in Kroger by 8.0% in the 2nd quarter. Goodman Financial Corp now owns 251,903 shares of the company’s stock worth $7,167,000 after purchasing an additional 18,724 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Kroger by 3.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 249,431 shares of the company’s stock worth $5,970,000 after purchasing an additional 9,112 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in Kroger in the 1st quarter worth $1,131,000. 78.72% of the stock is owned by institutional investors.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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