Pivotal Research set a $30.00 price target on Kroger (NYSE:KR) in a research report report published on Saturday. The brokerage currently has a buy rating on the stock.
Several other brokerages have also recently issued reports on KR. Telsey Advisory Group lifted their price objective on Kroger from $24.00 to $28.00 and gave the company a market perform rating in a research note on Friday. BMO Capital Markets set a $29.00 price objective on Kroger and gave the company a hold rating in a research note on Friday. BidaskClub upgraded Kroger from a hold rating to a buy rating in a research note on Wednesday, August 9th. Vetr upgraded Kroger from a buy rating to a strong-buy rating and set a $27.01 price objective for the company in a research note on Wednesday, August 9th. Finally, Stephens began coverage on Kroger in a research note on Friday, August 11th. They issued an underweight rating and a $20.00 price objective for the company. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $29.16.
Kroger (NYSE:KR) opened at $26.88 on Friday. The firm has a market capitalization of $23,910.00, a PE ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger has a 52-week low of $19.69 and a 52-week high of $36.44.
Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.41 EPS. equities research analysts anticipate that Kroger will post 2.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, November 14th. Kroger’s payout ratio is 29.76%.
In related news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC lifted its stake in Kroger by 122.1% in the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after buying an additional 1,523 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Kroger in the second quarter valued at approximately $105,000. Howe & Rusling Inc. purchased a new stake in Kroger in the third quarter valued at approximately $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Kroger by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after buying an additional 4,390 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in Kroger by 9.3% in the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after buying an additional 450 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.
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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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