News headlines about Kroger (NYSE:KR) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kroger earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.7508647563982 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
KR has been the topic of several recent research reports. TheStreet raised Kroger from a “c+” rating to a “b” rating in a research note on Wednesday, December 27th. Citigroup upped their price target on Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Moffett Nathanson assumed coverage on Kroger in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Pivotal Research set a $30.00 target price on Kroger and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Finally, Northcoast Research raised Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Seventeen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.52.
Shares of Kroger (KR) opened at $27.83 on Wednesday. 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 1 year low of $19.69 and a 1 year high of $34.75. The stock has a market capitalization of $23,973.04, a PE ratio of 16.74, a P/E/G ratio of 4.43 and a beta of 0.95.
Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. analysts forecast that Kroger will post 2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, February 14th. Kroger’s dividend payout ratio is presently 29.76%.
In other Kroger news, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the completion of the transaction, the vice president now owns 319,124 shares in the company, valued at approximately $9,777,959.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jorge P. Montoya sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. Following the transaction, the director now owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. 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 in the last 90 days. 0.87% of the stock is currently owned by company insiders.
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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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