Kroger Co (NYSE:KR) – Investment analysts at Jefferies Group raised their FY2018 EPS estimates for Kroger in a research note issued on Friday, according to Zacks Investment Research. Jefferies Group analyst C. Mandeville now forecasts that the company will earn $2.03 per share for the year, up from their previous forecast of $2.02. Jefferies Group has a “Buy” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Kroger’s Q1 2019 earnings at $0.58 EPS, FY2019 earnings at $1.94 EPS and FY2021 earnings at $2.35 EPS.
Kroger (NYSE:KR) last posted its quarterly earnings data 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 firm had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS.
A number of other analysts also recently issued reports on KR. Oppenheimer reissued a “hold” rating and issued a $22.00 price objective on shares of Kroger in a report on Wednesday, October 4th. Stephens raised shares of Kroger from an “underweight” rating to an “equal weight” rating and set a $36.44 price target for the company in a report on Thursday, October 12th. UBS Group reaffirmed a “hold” rating and set a $24.00 price target on shares of Kroger in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Kroger from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $26.00 price target on shares of Kroger in a report on Friday, November 3rd. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus price target of $29.57.
Shares of Kroger (NYSE KR) opened at $30.36 on Monday. 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 stock has a market cap of $27,172.38, a PE ratio of 15.89, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91. Kroger has a twelve month low of $19.69 and a twelve month high of $34.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in KR. Sanders Capital LLC acquired a new position in Kroger in the 4th quarter valued at approximately $293,538,000. Janus Henderson Group PLC increased its position in shares of Kroger by 6,611.2% during the second quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock worth $192,630,000 after buying an additional 8,137,179 shares during the period. FMR LLC increased its position in shares of Kroger by 17.7% during the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after buying an additional 7,446,349 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Kroger during the third quarter worth $119,454,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Kroger by 138.4% during the second quarter. Parametric Portfolio Associates LLC now owns 4,363,562 shares of the company’s stock worth $101,758,000 after buying an additional 2,533,438 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.
In other Kroger news, COO Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. Following the completion of the transaction, the chief operating officer now directly owns 290,353 shares in the company, valued at approximately $8,031,163.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of 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. Over the last quarter, insiders have sold 117,868 shares of company stock valued at $3,403,416. 0.85% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio is 29.76%.
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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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