Kroger (NYSE:KR) Sets New 1-Year High at $30.13

Kroger Co (NYSE:KR) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $30.13 and last traded at $30.09, with a volume of 253046 shares. The stock had previously closed at $28.63.

KR has been the subject of several research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 target price on shares of Kroger in a research note on Friday, December 6th. Deutsche Bank reiterated a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Kroger in a research note on Friday, December 6th. ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. TheStreet upgraded shares of Kroger from a “c+” rating to a “b-” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Kroger from $24.00 to $27.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $27.74.

The company has a market cap of $22.92 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.28 and a beta of 0.68. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.26 and a current ratio of 0.78. The business’s 50 day moving average price is $28.26 and its 200-day moving average price is $26.05.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Kroger had a net margin of 1.31% and a return on equity of 20.32%. The business had revenue of $27.97 billion during the quarter, compared to analyst estimates of $28.18 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that Kroger Co will post 2.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, February 13th. Kroger’s dividend payout ratio (DPR) is currently 30.33%.

In related news, SVP Mark C. Tuffin sold 2,600 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $28.44, for a total transaction of $73,944.00. Following the completion of the sale, the senior vice president now owns 188,305 shares in the company, valued at approximately $5,355,394.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.34% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC bought a new stake in Kroger during the 3rd quarter worth about $40,000. Prime Capital Investment Advisors LLC bought a new stake in Kroger during the 3rd quarter worth about $41,000. Delta Asset Management LLC TN grew its holdings in Kroger by 35.8% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,630 shares of the company’s stock worth $42,000 after acquiring an additional 430 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in Kroger during the 4th quarter worth about $43,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Kroger by 70.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,555 shares of the company’s stock worth $45,000 after acquiring an additional 644 shares during the last quarter. Institutional investors and hedge funds own 79.22% of the company’s stock.

Kroger Company Profile (NYSE:KR)

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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