Kroger (NYSE:KR)‘s stock had its “hold” rating restated by equities researchers at Oppenheimer in a report issued on Monday. They currently have a $26.00 target price on the stock. Oppenheimer’s price target would indicate a potential downside of 0.84% from the company’s current price. Oppenheimer also issued estimates for Kroger’s Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.00 EPS, FY2019 earnings at $1.85 EPS and FY2020 earnings at $1.90 EPS.
A number of other equities analysts have also commented on the company. Deutsche Bank lowered Kroger from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $26.00 to $21.00 in a research note on Monday, September 11th. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Goldman Sachs Group restated a “neutral” rating and set a $22.00 price objective on shares of Kroger in a research note on Tuesday, November 14th. Royal Bank Of Canada set a $34.00 price objective on Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $26.00 price target on shares of Kroger in a research note on Friday, November 3rd. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and a consensus price target of $29.16.
Shares of Kroger (KR) opened at $26.22 on Monday. The firm has a market capitalization of $23,910.36, a P/E ratio of 13.86, a P/E/G ratio of 3.55 and a beta of 0.92. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $36.44.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same quarter last year, the company earned $0.41 EPS. The company’s revenue was up 4.5% on a year-over-year basis. analysts predict that Kroger will post 2.03 earnings per share for the current year.
In related news, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the sale, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Howe & Rusling Inc. acquired a new position in Kroger during the 3rd quarter worth about $103,000. Dupont Capital Management Corp acquired a new position in Kroger during the 2nd quarter worth about $105,000. Mountain Capital Investment Advisors Inc acquired a new position in Kroger during the 2nd quarter worth about $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Kroger by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after buying an additional 4,390 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Kroger by 85.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after buying an additional 2,708 shares during the period. Institutional investors and hedge funds own 79.10% of the company’s stock.
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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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