Kroger Company (The) (NYSE:KR) has received an average recommendation of “Hold” from the thirty research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.00.
Several analysts have weighed in on KR shares. Royal Bank Of Canada lowered their price target on Kroger Company (The) from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, June 16th. Scotiabank lowered their price target on Kroger Company (The) from $36.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) lowered Kroger Company (The) from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $26.00 in a research report on Friday, June 16th. BidaskClub upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Vetr lowered Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 price objective on the stock. in a research report on Tuesday, July 25th.
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Kroger Company (NYSE:KR) traded up 0.961% during midday trading on Friday, hitting $21.545. The stock had a trading volume of 15,554,464 shares. The stock has a market cap of $19.33 billion, a P/E ratio of 12.971 and a beta of 0.79. Kroger Company has a 52 week low of $20.41 and a 52 week high of $36.44. The company has a 50-day moving average price of $23.12 and a 200-day moving average price of $26.76.
Kroger Company (The) (NYSE:KR) last issued its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts expect that Kroger Company will post $1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, August 11th. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. Kroger Company (The)’s dividend payout ratio (DPR) is presently 30.30%.
Kroger Company (The) declared that its board has approved a share buyback plan on Thursday, June 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Susan M. Phillips sold 6,200 shares of the firm’s 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 completion of the transaction, the director now owns 124,105 shares in the company, valued at approximately $2,627,302.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider J Michael Schlotman bought 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was purchased at an average price of $22.73 per share, with a total value of $45,460.00. The disclosure for this purchase can be found here. Company insiders own 0.87% of the company’s stock.
Large investors have recently made changes to their positions in the business. Bank of Nova Scotia raised its stake in Kroger Company (The) by 906.4% during the first quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock valued at $6,247,000 after buying an additional 190,790 shares during the last quarter. Holderness Investments Co. purchased a new position in Kroger Company (The) during the first quarter valued at $277,000. Hosking Partners LLP raised its stake in Kroger Company (The) by 10.2% during the first quarter. Hosking Partners LLP now owns 528,328 shares of the company’s stock valued at $15,580,000 after buying an additional 48,785 shares during the last quarter. NEXT Financial Group Inc raised its stake in Kroger Company (The) by 10.8% during the first quarter. NEXT Financial Group Inc now owns 9,177 shares of the company’s stock valued at $272,000 after buying an additional 898 shares during the last quarter. Finally, Cardinal Capital Management Inc. purchased a new position in Kroger Company (The) during the second quarter valued at $455,000. Institutional investors and hedge funds own 74.63% of the company’s stock.
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.
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