Tyvor Capital LLC reduced its holdings in shares of Kroger (NYSE:KR) by 35.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 695,092 shares of the company’s stock after selling 389,193 shares during the period. Kroger comprises about 3.3% of Tyvor Capital LLC’s investment portfolio, making the stock its 12th biggest position. Tyvor Capital LLC owned 0.08% of Kroger worth $16,641,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Evanston Investments Inc. dba Evanston Advisors boosted its position in Kroger by 0.8% in the first quarter. Evanston Investments Inc. dba Evanston Advisors now owns 318,723 shares of the company’s stock valued at $7,630,000 after buying an additional 2,491 shares in the last quarter. Coho Partners Ltd. boosted its position in Kroger by 2.0% in the first quarter. Coho Partners Ltd. now owns 5,559,603 shares of the company’s stock valued at $133,097,000 after buying an additional 109,358 shares in the last quarter. Korea Investment CORP boosted its position in Kroger by 193.3% in the first quarter. Korea Investment CORP now owns 1,455,587 shares of the company’s stock valued at $34,847,000 after buying an additional 959,358 shares in the last quarter. Country Trust Bank boosted its position in Kroger by 45.4% in the first quarter. Country Trust Bank now owns 923,550 shares of the company’s stock valued at $22,110,000 after buying an additional 288,458 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in Kroger by 17.6% in the first quarter. Rothschild Asset Management Inc. now owns 676,929 shares of the company’s stock valued at $16,206,000 after buying an additional 101,139 shares in the last quarter. Institutional investors and hedge funds own 76.73% of the company’s stock.
In related news, VP Todd A. Foley sold 3,800 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the sale, the vice president now directly owns 31,273 shares of the company’s stock, valued at $763,999.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.07% of the company’s stock.
KR opened at $24.88 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74. The company has a market cap of $20.01 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $31.45.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, March 8th. The company reported $0.63 earnings per share 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 net margin of 1.55% and a return on equity of 29.27%. Kroger’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. equities research analysts anticipate that Kroger will post 2.07 earnings per share for the current fiscal year.
Kroger announced that its Board of Directors has approved a stock buyback plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, May 14th. Kroger’s dividend payout ratio (DPR) is 24.51%.
A number of equities analysts have commented on KR shares. BMO Capital Markets set a $31.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Friday, March 2nd. Moffett Nathanson lowered shares of Kroger from a “buy” rating to a “neutral” rating in a research report on Friday, May 11th. Morgan Stanley set a $27.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Monday, March 12th. TheStreet lowered shares of Kroger from a “b” rating to a “c+” rating in a research report on Monday, March 5th. Finally, Credit Suisse Group set a $30.00 price target on shares of Kroger and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.48.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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