Citigroup Inc. set a $39.00 price target on Kroger Co. (NYSE:KR) in a research note issued to investors on Friday. The firm currently has a a buy rating on the stock.
Several other research firms have also issued reports on KR. Oppenheimer Holdings Inc. reissued an outperform rating and set a $40.00 target price on shares of Kroger in a research note on Wednesday, October 5th. Zacks Investment Research lowered shares of Kroger from a hold rating to a sell rating in a research note on Monday, October 3rd. Jefferies Group set a $32.00 target price on shares of Kroger and gave the stock a hold rating in a research note on Saturday, October 1st. Barclays PLC started coverage on shares of Kroger in a research note on Friday, September 23rd. They set an equal weight rating and a $33.00 target price on the stock. Finally, RBC Capital Markets reissued a sector perform rating and set a $37.00 target price on shares of Kroger in a research note on Friday, September 16th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $38.97.
Kroger (NYSE:KR) opened at 31.19 on Friday. The stock has a market capitalization of $29.45 billion, a P/E ratio of 14.79 and a beta of 0.70. Kroger has a 52-week low of $28.71 and a 52-week high of $42.75. The company’s 50-day moving average price is $30.85 and its 200 day moving average price is $34.43.
Kroger (NYSE:KR) last posted its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company had revenue of $26.60 billion for the quarter. During the same period in the previous year, the company posted $0.44 earnings per share. Kroger’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Kroger will post $2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Kroger’s payout ratio is currently 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the transaction, the insider now owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Physicians Financial Services Inc. boosted its position in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock valued at $112,000 after buying an additional 3,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock valued at $119,000 after buying an additional 800 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock valued at $126,000 after buying an additional 3,151 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock valued at $137,000 after buying an additional 100 shares in the last quarter. Finally, Barnett & Company Inc. acquired a new position in shares of Kroger during the first quarter valued at approximately $145,000. 80.16% of the stock is owned by hedge funds and other institutional investors.