Media headlines about Kroger (NYSE:KR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kroger earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3623375953082 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
A number of brokerages recently weighed in on KR. Sanford C. Bernstein began coverage on shares of Kroger in a research note on Friday, March 9th. They issued a “market perform” rating and a $27.00 target price for the company. BMO Capital Markets set a $27.00 target price on shares of Kroger and gave the stock a “hold” rating in a research note on Monday, March 12th. Zacks Investment Research lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Pivotal Research restated a “buy” rating and set a $28.00 price objective (down from $32.00) on shares of Kroger in a research note on Tuesday, March 6th. Finally, Royal Bank of Canada set a $36.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research note on Friday, March 9th. Seventeen 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 presently has an average rating of “Hold” and a consensus price target of $27.17.
Kroger stock traded up $0.25 during trading hours on Wednesday, hitting $25.63. The company had a trading volume of 8,536,458 shares, compared to its average volume of 10,662,163. The stock has a market cap of $21,173.10, a P/E ratio of 12.56, a P/E/G ratio of 2.05 and a beta of 1.04. The company has a quick ratio of 0.32, a current ratio of 0.78 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 announced its earnings results on Thursday, March 8th. The company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $30.81 billion. During the same period last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. equities analysts anticipate that Kroger will post 2.07 earnings per share for the current fiscal year.
Kroger declared that its Board of Directors has approved a stock buyback program on Thursday, March 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, May 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Kroger’s dividend payout ratio is presently 24.51%.
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 shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the sale, the vice president now owns 319,124 shares in the company, valued at $9,777,959.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd A. Foley sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the sale, the vice president now owns 31,273 shares in the company, valued at approximately $763,999.39. The disclosure for this sale can be found here. Insiders have sold 51,800 shares of company stock worth $1,563,554 over the last ninety days. Insiders own 0.87% of the company’s stock.
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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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