Kroger Co (NYSE:KR) – Investment analysts at Jefferies Financial Group boosted their Q3 2021 earnings estimates for shares of Kroger in a research report issued to clients and investors on Wednesday, November 6th. Jefferies Financial Group analyst C. Mandeville now expects that the company will post earnings of $0.55 per share for the quarter, up from their prior estimate of $0.54. Jefferies Financial Group currently has a “Hold” rating and a $26.00 target price on the stock. Jefferies Financial Group also issued estimates for Kroger’s FY2021 earnings at $2.35 EPS.
Several other equities research analysts also recently weighed in on KR. Guggenheim set a $26.00 target price on shares of Kroger and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Credit Suisse Group restated an “outperform” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Kroger in a research report on Friday, September 13th. Morgan Stanley set a $26.00 target price on shares of Kroger and gave the company a “hold” rating in a report on Friday, September 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 target price (up from $24.00) on shares of Kroger in a report on Wednesday, September 4th. Finally, ValuEngine cut shares of Kroger from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.37.
Shares of KR stock traded down $0.52 during mid-day trading on Monday, hitting $26.50. 4,809,555 shares of the stock were exchanged, compared to its average volume of 8,694,465. The stock’s fifty day simple moving average is $25.12 and its two-hundred day simple moving average is $23.89. The stock has a market capitalization of $22.31 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.00 and a beta of 0.56. Kroger has a 12-month low of $20.70 and a 12-month high of $31.98. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76.
Kroger (NYSE:KR) last posted its earnings results on Thursday, September 12th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $28.17 billion for the quarter, compared to analyst estimates of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. Kroger’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp boosted its stake in Kroger by 121.3% during the 3rd quarter. MUFG Americas Holdings Corp now owns 3,320 shares of the company’s stock valued at $86,000 after purchasing an additional 1,820 shares during the period. Goelzer Investment Management Inc. boosted its stake in Kroger by 3.8% during the 3rd quarter. Goelzer Investment Management Inc. now owns 172,072 shares of the company’s stock valued at $4,436,000 after purchasing an additional 6,374 shares during the period. Rational Advisors LLC boosted its stake in Kroger by 444.8% during the 3rd quarter. Rational Advisors LLC now owns 2,860 shares of the company’s stock valued at $74,000 after purchasing an additional 2,335 shares during the period. Corient Capital Partners LLC acquired a new position in Kroger during the 3rd quarter valued at about $247,000. Finally, D.A. Davidson & CO. acquired a new position in Kroger during the 3rd quarter valued at about $265,000. 80.35% of the stock is owned by institutional investors.
In other Kroger news, COO Michael Joseph Donnelly sold 1,574 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $26.46, for a total value of $41,648.04. Following the transaction, the chief operating officer now owns 324,209 shares in the company, valued at approximately $8,578,570.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J Michael Schlotman sold 68,187 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $26.02, for a total transaction of $1,774,225.74. Following the completion of the transaction, the executive vice president now owns 295,160 shares in the company, valued at approximately $7,680,063.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,323 shares of company stock worth $3,537,389. 1.34% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.42%. Kroger’s dividend payout ratio (DPR) is presently 30.33%.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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.
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