Kroger (NYSE:KR)‘s stock had its “hold” rating restated by Pivotal Research in a note issued to investors on Tuesday. They currently have a $31.00 price objective on the stock. Pivotal Research’s price target suggests a potential upside of 8.24% from the stock’s previous close.
The analysts wrote, “We continue to view 2018 as a significant transition year for Kroger accompanied by heavy price investments, new merchandising resets, and a major pickup in M&A/divestiture activity. It should be noted, however, that earnings are set to take a significant step backwards in FY18. The three-year guidance will now require close to $600 million of operating income growth over the next two years in order to hit the $3.1 billion objective by the end of FY20.””
KR has been the subject of a number of other research reports. Wells Fargo & Co boosted their target price on shares of Kroger from $33.00 to $36.00 and gave the stock 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 stock 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 stock a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research raised 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 boosted their target price on shares of Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.11.
KR stock opened at $28.64 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. Kroger has a 1 year low of $22.85 and a 1 year high of $32.74. The firm has a market capitalization of $23.65 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.09 and a beta of 0.79.
Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The business had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Kroger’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Kroger will post 2.11 earnings per share for the current year.
In other news, insider Mary Ellen Adcock sold 1,850 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $31.21, for a total transaction of $57,738.50. Following the completion of the transaction, the insider now owns 97,119 shares of the company’s stock, valued at $3,031,083.99. The sale 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 51,425 shares of company stock valued at $1,480,298 in the last ninety days. 1.07% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Chicago Equity Partners LLC raised its position in shares of Kroger by 45.6% during the third quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock valued at $8,249,000 after buying an additional 88,700 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kroger by 1.5% during the second quarter. PNC Financial Services Group Inc. now owns 585,726 shares of the company’s stock valued at $16,663,000 after buying an additional 8,931 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Kroger by 5.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock valued at $4,375,000 after buying an additional 7,257 shares during the last quarter. Poplar Forest Capital LLC raised its position in shares of Kroger by 44.3% during the third quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock valued at $22,047,000 after buying an additional 232,431 shares during the last quarter. Finally, Goodman Financial Corp raised its position in shares of Kroger by 8.0% during the second quarter. Goodman Financial Corp now owns 251,903 shares of the company’s stock valued at $7,167,000 after buying an additional 18,724 shares during the last quarter. 79.94% of the stock is owned by institutional investors and hedge funds.
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.
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