Traders Buy Shares of Kroger Company (The) (KR) on Weakness

Traders bought shares of Kroger Company (The) (NYSE:KR) on weakness during trading hours on Monday. $77.16 million flowed into the stock on the tick-up and $49.04 million flowed out of the stock on the tick-down, for a money net flow of $28.12 million into the stock. Of all equities tracked, Kroger Company (The) had the 27th highest net in-flow for the day. Kroger Company (The) traded down ($0.34) for the day and closed at $20.29

KR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 target price on shares of Kroger Company (The) in a research report on Tuesday, June 13th. Wells Fargo & Company reiterated a “buy” rating and issued a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a research report on Monday, June 12th. Bank of America Corporation cut Kroger Company (The) from a “buy” rating to a “neutral” rating in a research report on Thursday, June 15th. Telsey Advisory Group cut Kroger Company (The) from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $38.00 to $29.00 in a research report on Friday, June 16th. Finally, J P Morgan Chase & Co cut Kroger Company (The) from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $34.00 to $24.00 in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.54.

The stock’s 50-day moving average is $21.35 and its 200 day moving average is $25.51. The firm has a market cap of $18.05 billion, a PE ratio of 12.27 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last released its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Kroger Company will post $1.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.46%. Kroger Company (The)’s payout ratio is currently 30.30%.

Kroger Company (The) declared that its board has authorized a share buyback plan on Thursday, June 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Large investors have recently bought and sold shares of the company. IHT Wealth Management LLC grew its position in shares of Kroger Company (The) by 122.1% during the 2nd quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after acquiring an additional 1,523 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Kroger Company (The) during the 2nd quarter valued at about $105,000. Cedar Wealth Management LLC grew its position in shares of Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after acquiring an additional 3,040 shares during the period. CWM LLC grew its position in shares of Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after acquiring an additional 4,800 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Kroger Company (The) by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after a

KR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 target price on shares of Kroger Company (The) in a research report on Tuesday, June 13th. Wells Fargo & Company reiterated a “buy” rating and issued a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a research report on Monday, June 12th. Bank of America Corporation cut Kroger Company (The) from a “buy” rating to a “neutral” rating in a research report on Thursday, June 15th. Telsey Advisory Group cut Kroger Company (The) from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $38.00 to $29.00 in a research report on Friday, June 16th. Finally, J P Morgan Chase & Co cut Kroger Company (The) from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $34.00 to $24.00 in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.54.

The stock’s 50-day moving average is $21.35 and its 200 day moving average is $25.51. The firm has a market cap of $18.05 billion, a PE ratio of 12.27 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last released its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Kroger Company will post $1.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.46%. Kroger Company (The)’s payout ratio is currently 30.30%.

Kroger Company (The) declared that its board has authorized a share buyback plan on Thursday, June 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Large investors have recently bought and sold shares of the company. IHT Wealth Management LLC grew its position in shares of Kroger Company (The) by 122.1% during the 2nd quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after acquiring an additional 1,523 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Kroger Company (The) during the 2nd quarter valued at about $105,000. Cedar Wealth Management LLC grew its position in shares of Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after acquiring an additional 3,040 shares during the period. CWM LLC grew its position in shares of Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after acquiring an additional 4,800 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Kroger Company (The) by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after acquiring an additional 4,390 shares during the period. Hedge funds and other institutional investors own 75.83% of the company’s stock.

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Kroger Company (The) 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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