Kroger Co (NYSE:KR) – Jefferies Financial Group decreased their Q4 2019 earnings per share estimates for Kroger in a report released on Wednesday, October 31st. Jefferies Financial Group analyst C. Mandeville now forecasts that the company will post earnings per share of $0.51 for the quarter, down from their previous estimate of $0.54. Jefferies Financial Group has a “Buy” rating and a $35.00 price objective on the stock.
Kroger (NYSE:KR) last announced its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. Kroger’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS.
A number of other brokerages have also issued reports on KR. Wells Fargo & Co increased their target price on shares of Kroger from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. Credit Suisse Group set a $33.00 target price on shares of Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Stephens set a $29.00 target price on shares of Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, August 21st. Finally, Telsey Advisory Group upped their price target on shares of Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.40.
KR traded up $0.79 on Friday, reaching $30.12. The company had a trading volume of 4,068,000 shares, compared to its average volume of 8,925,777. The firm has a market capitalization of $23.99 billion, a PE ratio of 14.76, a P/E/G ratio of 2.34 and a beta of 0.92. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65. Kroger has a one year low of $20.74 and a one year high of $32.74.
Several hedge funds and other institutional investors have recently bought and sold shares of KR. Millennium Management LLC lifted its position in shares of Kroger by 5,574.9% in the second quarter. Millennium Management LLC now owns 6,969,288 shares of the company’s stock worth $198,276,000 after purchasing an additional 6,846,478 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Kroger in the second quarter worth approximately $154,021,000. BlackRock Inc. lifted its position in shares of Kroger by 2.3% in the second quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock worth $1,862,480,000 after purchasing an additional 1,490,831 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC purchased a new stake in shares of Kroger in the second quarter worth approximately $41,899,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kroger by 36.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,485,099 shares of the company’s stock worth $156,053,000 after purchasing an additional 1,465,865 shares in the last quarter. 79.38% of the stock is owned by institutional investors and hedge funds.
In other Kroger news, insider Erin S. Sharp sold 25,314 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total transaction of $734,106.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clyde R. Moore sold 13,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total transaction of $377,780.00. The disclosure for this sale can be found here. Insiders have sold 49,575 shares of company stock valued at $1,422,559 over the last ninety days. Insiders own 1.07% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, November 14th. Kroger’s dividend payout ratio is presently 27.45%.
Kroger Company Profile
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, 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.
Further Reading: Insider Trading
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.