Kroger Company (The) (NYSE:KR) Earning Somewhat Favorable Media Coverage, Study Shows

Media stories about Kroger Company (The) (NYSE:KR) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kroger Company (The) earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the company an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Kroger Company (NYSE KR) traded down 0.79% during midday trading on Wednesday, hitting $23.94. The stock had a trading volume of 5,597,645 shares. The company’s 50 day moving average is $23.22 and its 200 day moving average is $28.79. The company has a market cap of $21.48 billion, a PE ratio of 14.41 and a beta of 0.76. Kroger Company has a 52-week low of $20.46 and a 52-week high of $36.44.

Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $36.29 billion for the quarter, compared to analysts’ expectations of $35.69 billion. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. On average, analysts anticipate that Kroger Company will post $1.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.125 per share. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.09%. Kroger Company (The)’s dividend payout ratio is currently 28.92%.

Kroger Company (The) declared that its board has approved a share repurchase plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Several research analysts have recently weighed in on KR shares. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price target on shares of Kroger Company (The) in a research note on Friday, May 12th. Deutsche Bank AG reissued a “buy” rating on shares of Kroger Company (The) in a report on Friday, May 12th. Vetr cut Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 price objective on the stock. in a report on Wednesday, May 10th. Wells Fargo & Company reissued a “buy” rating and set a $28.00 price objective (down previously from $35.00) on shares of Kroger Company (The) in a report on Monday, June 12th. Finally, Argus reissued a “buy” rating on shares of Kroger Company (The) in a report on Monday, June 19th. Eighteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Kroger Company (The) has a consensus rating of “Hold” and a consensus price target of $30.51.

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In related news, Director Susan M. Phillips sold 6,200 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $21.17, for a total value of $131,254.00. Following the transaction, the director now owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider J Michael Schlotman acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $22.73 per share, for a total transaction of $45,460.00. The disclosure for this purchase can be found here. 0.87% of the stock is owned by corporate insiders.

About Kroger Company (The)

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Insider Buying and Selling by Quarter for Kroger Company (The) (NYSE:KR)

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