Kroger Co (NYSE:KR) – Stock analysts at Oppenheimer raised their FY2020 earnings per share (EPS) estimates for Kroger in a research note issued on Monday. Oppenheimer analyst R. Parikh now anticipates that the company will earn $1.90 per share for the year, up from their previous forecast of $1.80. Oppenheimer has a “Hold” rating and a $26.00 price target on the stock.
Kroger (NYSE:KR) last issued its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share.
KR has been the topic of several other reports. Jefferies Group reiterated a “hold” rating on shares of Kroger in a research report on Friday, August 25th. BidaskClub lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Wells Fargo & Company reiterated an “outperform” rating and issued a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Kroger from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.16.
Kroger (NYSE:KR) traded up $0.12 during mid-day trading on Tuesday, hitting $26.53. 6,903,444 shares of the stock traded hands, compared to its average volume of 12,326,757. The firm has a market capitalization of $23,600.00, a price-to-earnings ratio of 13.52, a PEG ratio of 3.46 and a beta of 0.93. Kroger has a twelve month low of $19.69 and a twelve month high of $36.44. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. Kroger’s dividend payout ratio (DPR) is currently 29.76%.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Carin L. Fike sold 1,538 shares of the 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 transaction, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Howe & Rusling Inc. purchased a new position in Kroger during the third quarter worth approximately $103,000. Dupont Capital Management Corp purchased a new position in Kroger during the second quarter worth approximately $105,000. Mountain Capital Investment Advisors Inc purchased a new position in Kroger during the second quarter worth approximately $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Kroger by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after purchasing an additional 4,390 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Kroger by 85.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after purchasing an additional 2,708 shares during the period. 79.10% of the stock is currently owned by institutional investors.
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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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