Kroger (NYSE:KR) has been assigned a $29.00 target price by equities research analysts at Stephens in a research note issued to investors on Tuesday, January 16th. The brokerage presently has a “hold” rating on the stock. Stephens’ price target indicates a potential upside of 4.84% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Wells Fargo & Co reissued an “outperform” rating and issued a $26.00 target price on shares of Kroger in a research report on Friday, November 3rd. Zacks Investment Research lowered Kroger from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 target price on shares of Kroger in a research report on Tuesday, November 14th. BMO Capital Markets set a $29.00 target price on Kroger and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Moffett Nathanson assumed coverage on Kroger in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.52.
Kroger (NYSE:KR) traded up $0.08 during trading hours on Tuesday, reaching $27.66. The company’s stock had a trading volume of 10,520,000 shares, compared to its average volume of 10,150,000. The firm has a market capitalization of $24,380.00, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 4.53 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. Kroger has a 1 year low of $19.69 and a 1 year high of $34.75.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. sell-side analysts expect that Kroger will post 2.04 EPS for the current year.
In other news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. Following the completion of the transaction, the director now directly owns 108,910 shares in the company, valued at approximately $2,938,391.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred 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 transaction, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Insiders have sold a total of 117,868 shares of company stock valued at $3,403,416 over the last quarter. 0.85% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Kroger by 66.3% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after purchasing an additional 34,856 shares during the period. Frontier Investment Mgmt Co. boosted its stake in Kroger by 107.2% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after purchasing an additional 25,940 shares during the period. Toronto Dominion Bank boosted its stake in Kroger by 10.0% in the 3rd quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after purchasing an additional 31,561 shares during the period. TIAA FSB bought a new stake in Kroger in the 2nd quarter valued at $3,265,000. Finally, California Public Employees Retirement System boosted its stake in Kroger by 4.8% in the 2nd quarter. California Public Employees Retirement System now owns 2,217,638 shares of the company’s stock valued at $51,715,000 after purchasing an additional 101,600 shares during the period. Institutional investors and hedge funds own 79.59% 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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