Kroger Co (NYSE:KR) – Analysts at Jefferies Group issued their Q1 2020 earnings per share (EPS) estimates for shares of Kroger in a report issued on Monday. Jefferies Group analyst C. Mandeville anticipates that the company will earn $0.59 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $31.00 target price on the stock. Jefferies Group also issued estimates for Kroger’s Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.72 EPS, FY2021 earnings at $2.68 EPS, FY2022 earnings at $2.95 EPS and FY2023 earnings at $3.21 EPS.
Other research analysts have also recently issued reports about the company. TheStreet raised Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Citigroup increased their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research raised Kroger from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, January 2nd. Moffett Nathanson started coverage on Kroger in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, Pivotal Research set a $30.00 price target on Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.27.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.63. The business had revenue of $31.03 billion during the quarter, compared to the consensus estimate of $30.81 billion. Kroger had a return on equity of 29.27% and a net margin of 1.55%. Kroger’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share.
Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its holdings in Kroger by 297.2% during the 4th quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock worth $104,000 after purchasing an additional 2,823 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kroger during the 4th quarter worth approximately $119,000. Bessemer Group Inc. lifted its holdings in Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after purchasing an additional 2,455 shares during the last quarter. Gradient Investments LLC acquired a new stake in Kroger during the 4th quarter worth approximately $152,000. Finally, Clear Perspective Advisors LLC acquired a new stake in Kroger during the 3rd quarter worth approximately $160,000. 75.78% of the stock is owned by institutional investors and hedge funds.
In related news, VP Michael Joseph Donnelly sold 40,000 shares of Kroger stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the completion of the sale, the vice president now directly owns 319,124 shares of the company’s stock, valued at approximately $9,777,959.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Todd A. Foley sold 3,800 shares of Kroger stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $24.43, for a total value of $92,834.00. Following the sale, the vice president now directly owns 31,273 shares of the company’s stock, valued at $763,999.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,130 shares of company stock valued at $3,187,062. Insiders own 0.87% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.125 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.09%. Kroger’s payout ratio is 23.70%.
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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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