Kroger Company (The)’s (KR) “Neutral” Rating Reiterated at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) restated their neutral rating on shares of Kroger Company (The) (NYSE:KR) in a research report released on Tuesday, MarketBeat.com reports. Goldman Sachs Group, Inc. (The) currently has a $22.00 price target on the stock.

A number of other brokerages have also recently commented on KR. BidaskClub raised shares of Kroger Company (The) from a sell rating to a hold rating in a report on Monday, July 31st. Vetr raised shares of Kroger Company (The) from a buy rating to a strong-buy rating and set a $27.01 target price on the stock in a report on Wednesday, August 9th. Stephens assumed coverage on shares of Kroger Company (The) in a report on Friday, August 11th. They issued an underweight rating and a $20.00 target price on the stock. Royal Bank Of Canada set a $34.00 target price on shares of Kroger Company (The) and gave the company a buy rating in a report on Tuesday, July 18th. Finally, UBS AG cut shares of Kroger Company (The) from an outperform rating to a market perform rating in a report on Friday, September 8th. Nineteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Kroger Company (The) has an average rating of Hold and a consensus price target of $29.10.

Kroger Company (KR) traded up $1.13 during mid-day trading on Tuesday, reaching $23.41. 19,798,575 shares of the company’s stock were exchanged, compared to its average volume of 12,111,456. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. Kroger Company has a 12 month low of $19.69 and a 12 month high of $36.44. The firm has a market capitalization of $19,820.00, a PE ratio of 11.53, a P/E/G ratio of 1.70 and a beta of 0.83.

Kroger Company (The) (NYSE:KR) last released its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts predict that Kroger Company will post 2 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s payout ratio is 30.30%.

A number of hedge funds have recently made changes to their positions in KR. Vanguard Group Inc. increased its stake in shares of Kroger Company (The) by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock valued at $1,613,786,000 after acquiring an additional 852,864 shares during the last quarter. FMR LLC increased its stake in shares of Kroger Company (The) by 17.7% during the 2nd quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after acquiring an additional 7,446,349 shares during the last quarter. State Street Corp increased its stake in shares of Kroger Company (The) by 0.3% during the 2nd quarter. State Street Corp now owns 39,414,284 shares of the company’s stock valued at $919,140,000 after acquiring an additional 100,796 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Kroger Company (The) by 8.2% during the 2nd quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock valued at $280,904,000 after acquiring an additional 908,078 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Kroger Company (The) by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 8,281,641 shares of the company’s stock valued at $166,129,000 after acquiring an additional 21,381 shares during the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

Kroger Company (The) Company Profile

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.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

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