Kroger (NYSE:KR) has been given a $30.00 target price by research analysts at Loop Capital in a note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Loop Capital’s price target points to a potential upside of 2.85% from the company’s current price.
KR has been the subject of several other research reports. Credit Suisse Group raised their price objective on shares of Kroger from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. Stephens set a $30.00 price objective on shares of Kroger and gave the company a “hold” rating in a research report on Friday. Pivotal Research restated a “hold” rating and set a $31.00 price objective on shares of Kroger in a research report on Tuesday. Bank of America raised their price objective on shares of Kroger from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wells Fargo & Co raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.67.
KR traded down $0.39 on Friday, reaching $29.17. The company had a trading volume of 10,774,402 shares, compared to its average volume of 10,136,510. The firm has a market capitalization of $22.84 billion, a PE ratio of 14.30, a P/E/G ratio of 2.01 and a beta of 0.79. 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 $22.85 and a one year high of $32.74.
Kroger (NYSE:KR) last announced its earnings results on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The firm had revenue of $27.67 billion during the quarter, compared to analyst estimates of $27.64 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. Kroger’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Kroger will post 2.11 EPS for the current year.
In other Kroger 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 sale, the insider now directly owns 97,119 shares of the company’s stock, valued at $3,031,083.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 51,425 shares of company stock valued at $1,480,298 over the last ninety days. Insiders own 1.07% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of KR. Landaas & Co. WI ADV purchased a new stake in shares of Kroger in the second quarter worth approximately $100,000. Lee Financial Co purchased a new stake in shares of Kroger in the third quarter worth approximately $101,000. CSat Investment Advisory L.P. purchased a new stake in shares of Kroger in the second quarter worth approximately $109,000. Bridgeworth LLC purchased a new stake in shares of Kroger in the second quarter worth approximately $109,000. Finally, Central Bank & Trust Co. lifted its position in shares of Kroger by 290.6% in the third quarter. Central Bank & Trust Co. now owns 4,234 shares of the company’s stock worth $123,000 after purchasing an additional 3,150 shares in the last quarter. 79.94% of the stock is owned by institutional investors and hedge funds.
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: Institutional Investors
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