Traders Sell Shares of Kroger (KR) on Strength (KR)

Traders sold shares of Kroger (NYSE:KR) on strength during trading hours on Tuesday. $42.92 million flowed into the stock on the tick-up and $80.63 million flowed out of the stock on the tick-down, for a money net flow of $37.71 million out of the stock. Of all stocks tracked, Kroger had the 0th highest net out-flow for the day. Kroger traded up $0.59 for the day and closed at $25.38

Several equities research analysts recently weighed in on KR shares. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research note on Wednesday, December 27th. ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, January 2nd. Jefferies Group upgraded shares of Kroger from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.98 to $33.00 in a research note on Friday, January 5th. Finally, Stephens set a $29.00 price objective on shares of Kroger and gave the stock a “hold” rating in a research note on Tuesday, January 16th. 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 company. The company has a consensus rating of “Hold” and an average target price of $27.17.

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The company has a current ratio of 0.78, a quick ratio of 0.32 and a debt-to-equity ratio of 1.74. The company has a market cap of $21,677.02, a P/E ratio of 12.56, a P/E/G ratio of 2.09 and a beta of 1.04.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 8th. The company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The business had revenue of $31.03 billion for the quarter, compared to analyst estimates of $30.81 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. research analysts expect that Kroger will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, May 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. Kroger’s dividend payout ratio is presently 24.51%.

Kroger declared that its board has approved a share buyback plan on Thursday, March 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In related 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 transaction of $1,225,600.00. Following the completion of the sale, the vice president now directly owns 319,124 shares in the company, valued at $9,777,959.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $24.43, for a total transaction of $92,834.00. Following the sale, the vice president now owns 31,273 shares of the company’s stock, valued at $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 in the last quarter. Company insiders own 0.85% of the company’s stock.

A number of large investors have recently modified their holdings of KR. Sanders Capital LLC bought a new stake in Kroger during the fourth quarter worth approximately $293,538,000. Amundi Pioneer Asset Management Inc. acquired a new position in Kroger in the 4th quarter worth approximately $89,873,000. Alliancebernstein L.P. boosted its stake in Kroger by 70.1% in the 4th quarter. Alliancebernstein L.P. now owns 4,645,757 shares of the company’s stock worth $127,526,000 after purchasing an additional 1,914,070 shares during the period. Minneapolis Portfolio Management Group LLC acquired a new position in Kroger in the 4th quarter worth approximately $49,450,000. Finally, LSV Asset Management boosted its stake in Kroger by 11.5% in the 4th quarter. LSV Asset Management now owns 14,112,947 shares of the company’s stock worth $387,400,000 after purchasing an additional 1,459,907 shares during the period. Hedge funds and other institutional investors own 75.75% 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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