Kroger Co. (NYSE:KR) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Monday. The firm currently has a $32.92 target price on the stock. Vetr‘s target price suggests a potential downside of 2.83% from the company’s current price.
KR has been the topic of several other reports. Jefferies Group lowered their price target on shares of Kroger from $39.00 to $37.00 and set a “hold” rating on the stock in a report on Wednesday, August 31st. Morgan Stanley reissued an “overweight” rating and issued a $40.00 price target on shares of Kroger in a report on Wednesday, October 12th. Deutsche Bank AG reissued a “buy” rating and issued a $39.00 price target on shares of Kroger in a report on Thursday, November 3rd. Wells Fargo & Co. reissued an “outperform” rating on shares of Kroger in a report on Thursday, August 4th. Finally, SunTrust Banks Inc. set a $35.00 price target on shares of Kroger and gave the company a “hold” rating in a report on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and a consensus target price of $38.28.
Shares of Kroger (NYSE:KR) traded up 0.53% during midday trading on Monday, hitting $33.88. The stock had a trading volume of 2,669,717 shares. The firm has a 50-day moving average price of $31.58 and a 200-day moving average price of $33.38. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of 16.06 and a beta of 0.74. Kroger has a 1-year low of $28.71 and a 1-year high of $42.75.
Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. On average, equities analysts anticipate that Kroger will post $2.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio is presently 22.86%.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the completion of the sale, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.85% of the company’s stock.
Large investors have recently bought and sold shares of the company. NEXT Financial Group Inc boosted its stake in Kroger by 3.5% in the second quarter. NEXT Financial Group Inc now owns 5,464 shares of the company’s stock worth $201,000 after buying an additional 187 shares during the last quarter. Patten & Patten Inc. TN boosted its position in shares of Kroger by 41.0% in the second quarter. Patten & Patten Inc. TN now owns 40,281 shares of the company’s stock worth $1,482,000 after buying an additional 11,706 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its position in shares of Kroger by 0.5% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 103,449 shares of the company’s stock worth $3,806,000 after buying an additional 487 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 worth $137,000 after buying an additional 100 shares in the last quarter. Finally, First Financial Bank N.A. Trust Division boosted its position in shares of Kroger by 0.9% in the second quarter. First Financial Bank N.A. Trust Division now owns 39,594 shares of the company’s stock worth $1,457,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 79.23% of the company’s stock.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.