Media stories about Kroger (NYSE:KR) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kroger earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.438138115558 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
Several research firms have issued reports on KR. Pivotal Research restated a “buy” rating and set a $28.00 price target (down from $32.00) on shares of Kroger in a research report on Monday, March 12th. Morgan Stanley upped their price target on shares of 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 $22.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Friday, March 9th. ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets set a $31.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Wednesday, January 24th. Seventeen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.14.
Shares of NYSE:KR traded up $0.13 during midday trading on Friday, hitting $23.73. 5,331,343 shares of the stock traded hands, compared to its average volume of 10,767,445. The company has a market cap of $20,694.38, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. The company has a current ratio of 0.78, a quick ratio of 0.32 and a debt-to-equity ratio of 1.74. Kroger has a one year low of $19.69 and a one year high of $31.45.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.63. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The company had revenue of $31.03 billion during the quarter, compared to the consensus estimate of $30.81 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. Kroger’s revenue was up 12.4% on a year-over-year basis. research analysts forecast that Kroger will post 2.06 EPS for the current fiscal year.
Kroger declared that its board has initiated a share buyback program on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, May 14th. Kroger’s payout ratio is currently 24.51%.
In related news, VP Michael Joseph Donnelly sold 40,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the completion of the transaction, the vice president now directly owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Todd A. Foley sold 3,800 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the transaction, 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 sold 62,800 shares of company stock valued at $1,888,824. 0.85% of the stock is owned by insiders.
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Kroger Company Profile
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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