Kroger Co. (NYSE:KR)‘s stock had its “sector perform” rating reiterated by equities researchers at RBC Capital Markets in a research note issued on Monday. They presently have a $37.00 price objective on the stock. RBC Capital Markets’ price target indicates a potential upside of 9.21% from the company’s current price.
Several other research analysts also recently issued reports on KR. BMO Capital Markets downgraded Kroger from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $34.01 to $35.00 in a research note on Tuesday, August 2nd. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Kroger in a research note on Thursday, August 4th. Cleveland Research downgraded Kroger from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Zacks Investment Research downgraded Kroger from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. cut their price target on Kroger from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.28.
Shares of Kroger (NYSE:KR) traded down 0.38% on Monday, reaching $33.75. 3,528,560 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $31.79 and its 200-day moving average price is $33.36. Kroger has a 52 week low of $28.71 and a 52 week high of $42.75. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 16.00 and a beta of 0.74.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The business earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Equities analysts predict that Kroger will post $2.13 EPS for the current year.
The company also recently declared 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. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio is currently 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the sale, the insider now directly 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. raised its stake in Kroger by 26.4% in the first quarter. First Republic Investment Management Inc. now owns 52,753 shares of the company’s stock valued at $2,017,000 after buying an additional 11,014 shares in the last quarter. Barnett & Company Inc. purchased a new stake in Kroger during the first quarter valued at about $145,000. Fulton Bank N.A. raised its stake in Kroger by 3.8% in the second quarter. Fulton Bank N.A. now owns 28,800 shares of the company’s stock valued at $1,059,000 after buying an additional 1,043 shares in the last quarter. First Financial Bank N.A. Trust Division raised its stake in 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 valued at $1,457,000 after buying an additional 340 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in 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. 75.51% of the stock is currently owned by institutional investors and hedge funds.