Kroger (NYSE:KR) – Northcoast Research issued their Q1 2019 earnings per share (EPS) estimates for shares of Kroger in a research note issued to investors on Monday, March 12th, according to Zacks Investment Research. Northcoast Research analyst C. Cerankosky forecasts that the company will post earnings per share of $0.63 for the quarter. Northcoast Research also issued estimates for Kroger’s Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $2.13 EPS and FY2020 earnings at $2.35 EPS.
Several other research firms have also recently commented on KR. ValuEngine cut Kroger from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $31.00 target price on Kroger and gave the company a “hold” rating in a research report on Wednesday, January 24th. Morgan Stanley raised their target price on Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Stephens set a $29.00 target price on Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, Citigroup raised their target price on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.14.
KR traded down $0.04 during trading hours on Wednesday, hitting $23.77. The company’s stock had a trading volume of 8,797,066 shares, compared to its average volume of 11,000,372. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $31.45. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32. The stock has a market cap of $21,223.19, a P/E ratio of 11.65, a P/E/G ratio of 1.99 and a beta of 1.04.
Kroger (NYSE:KR) last posted its earnings results on Thursday, March 8th. The company reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. Kroger had a return on equity of 29.27% and a net margin of 1.55%. The firm had revenue of $31.03 billion for the quarter, compared to analysts’ expectations of $30.81 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Kroger by 297.2% in the fourth quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock worth $104,000 after buying an additional 2,823 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of Kroger in the fourth quarter worth $119,000. Bessemer Group Inc. boosted its position in shares of Kroger by 97.2% in the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after buying an additional 2,455 shares during the period. Gradient Investments LLC acquired a new stake in shares of Kroger in the fourth quarter worth $152,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Kroger in the fourth quarter worth $162,000. 75.69% of the stock is owned by institutional investors and hedge funds.
In other news, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 319,124 shares of the company’s stock, valued at approximately $9,777,959.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Todd A. Foley sold 3,800 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $24.43, for a total value of $92,834.00. Following the sale, the vice president now directly owns 31,273 shares of the company’s stock, valued at $763,999.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,800 shares of company stock valued at $1,888,824. Corporate insiders own 0.85% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, May 14th. Kroger’s dividend payout ratio is presently 24.51%.
Kroger announced that its Board of Directors has approved a stock buyback program on Thursday, March 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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